COVID-19 epidemic delays Russian producers' export permits for agricultural products to China
Food Safety News
2020-09-07
Global Foodmate
Andrea Sizov, Executive Director of Russia SovEcon agricultural Market Analysis Center said, by the new crown viral impact of the epidemic-related restrictions, the Russian agricultural products China exports the near future will not grow.
Sizov said that the epidemic has delayed the process of obtaining export permits for Russian manufacturers to China. He said: "To obtain these permits, officials and inspectors are required to travel, which is now impossible."
Sizov believes that the next export growth point may lie in grains and pork, and there is almost no room for soybean exports to China.
He pointed out: "Soybeans are not very important to Russia. Russia is a net importer of soybeans, and exports to China are mainly in the Far East. It is impossible to rapidly increase the yield of certain crops in agriculture."
Sizov said that due to the impact of the epidemic, global red meat production and demand may be reduced due to high prices.
Another factor affecting the global agricultural product market is the Sino-US trade relationship.
Sizov explained: "The first phase of the economic and trade agreement requires China to purchase more American agricultural products. But on the other hand, it is still a question whether it can be implemented. In this case, China hopes to see the diversification of suppliers, so that it can Replace the products of the United States and other countries that have trade disputes with China."
According to statistics from the General Administration of Customs of China, in the first five months of 2020, exports of Russian agricultural products and food products to China increased by a quarter to US$1.8 billion.
Please note: This article is translated based on Google web translation software, if there is an error, please contact us as soon as possible to correct.
Business Division of Food Safety and Regulatory Compliance of Global Foodmate provides food standards & regulations research, labelling compliance consulting/Chinese label design, industry public opinion monitoring and analysis, registration services (of Infant formula, FSMP, Health food, Novel Food Ingredients, Novel Food Additives, New Varieties of Food-Related Products and Overseas manufacturers of imported food) and other comprehensive food safety solutions for domestic and overseas enterprises and institutions in food industry.
Please feel free to contact us: +86 10 68869850, E-mail: global_info@foodmate.net
