China staying away from Russian wheat amid record spree
China is rapidly growing its wheat imports, but among its suppliers, unexpectedly, Russia is barely a fraction, despite Beijing actively buying other natural resources from the aggressor state, such as oil or coal, according to Bloomberg, which cites data from Chinese customs.
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Despite the announcement by the Chinese authorities to allow imports from Russia, trade is hampered by a number of problems, including phytosanitary regulations and transport problems.
"While Beijing said last year that it would allow imports from all parts of Russia, trade has been hampered by a slew of issues, including phytosanitary regulations and transport challenges," the article says.
China's total wheat imports increased by more than 60% year-on-year to about 6 million tons in the first four months of this year.
Australia supplies the most wheat – almost 60%. Canada accounts for 18% of exports and only 0.5% for exports from Russia – 30,000 tons.
Prospects for the supply of wheat and meat will likely be discussed at a business forum in China, where Russian government officials are scheduled to participate.