China becomes Russia’s number one importer of food staff

In Jan.-Set. 2016, China has purchased up 22.1% food products replacing Turkey as a number one importer of food
China becomes Russia’s number one importer of food staff
11 November 17:42 2016 Print This Article

In 2016, China has become the major purchaser of Russian products replacing Turkey as a number one importer of food staff.

In the first nine months of 2016, 10.8% of all Russia’s exported edibles have gone to the People’s Republic of China, reports RBC newsagency with reference to data from the Federal Customs Service (FTS).

Since January, Beijing has purchased food from Russia for more than USD1.13 bln, up 22.1% over the the same period of 2015. According to Russian export center (REC), frozen fish makes up more than 60% of the exports. The second largest food groups are soy (8.4%), sunflower oil (7.9%), and soybean oil (4.1%).

Apart from so called traditionally popular products Beijing increases imports of other food groups, for instance, over 12 thousand tons of chocolate for USD38.4 mln were purchased in the first nine months of 2016, which is over four times more than last year. Chinese imports of Russian fruit and vegetable juices have also grown three times greater totaling USD1.3 million.

The greatest growth was recorded in Russian ice cream exports, which China has imported for USD4.2 million, five times more than last year.

China is very likely to maintain its position as the top food importer in the future and even increase its purchases, reports Rbc citing regional experts. According to REC several major food companies in Russia including bakery Stoilenskaya Niva, Mikoyanovsky Meat Processing Plant, and beverage producer Aqualife reached agreements to supply China with products for more than USD110 million.

Print this entry

  Article "tagged" as:
  Categories:
view more articles

About Article Author

Anastasia
Anastasia

View More Articles