China to buy more Russian soybeans amid trade war with US
Russian companies are eager to increase exports of soybeans and other agricultural products to China amid the China-US trade war. However, Russia’s soybean exports are unlikely to replace those from the US, at least in the short term.
It is time for China and Russia to increase cooperation in agricultural investment and trade, Maxim Basov, CEO of Russia major agricultural company Rusagro Group, told the Global Times in a recent interview.
“The focus now is shifting from the domestic market to the international market,” Basov said, noting that the ongoing trade war between China and the US opens opportunities for Russia to sell more agricultural products to China and become a new partner.
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