US-China trade war boosts demand for Russian soybeans ...News

Russia Today - News
US-China trade war boosts demand for Russian soybeans
source : Russia Today ( News ) () 16
The volume of Russian soybeans exported to China will be worth at least $600 million by 2024, according to the Russian Ministry of Agriculture. Soybeans and their processed derivatives were the second-biggest agricultural export from Russia's Far East, Deputy Minister of Agriculture Sergey Levitin said at the Eastern Economic Forum (EEF) in Vladivostok. “Over the past year, these exports doubled and amounted to 6.5 percent of the total export volumes from the Far East. This became possible due to a significant increase in demand from the Chinese market due to its trade conflict with the US,” he said. Also on

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