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Russia to export 1.5 mln tonnes of farm produce to China in 2018

March 29, 17:05 UTC+3 MOSCOW

They include grain and oil-bearing crops - soya, barley, canola, flax seeds and sunflower oil, according to Russian Agriculture Minister Alexander Tkachev said

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MOSCOW, March 29. /TASS/. Russia is planning to export 1.5 million tonnes of agricultural products to China in 2018, namely grain legume crops and sunflower oil under the terms of a long-term contract. By 2028, a total export volume will climb to 52 million tonnes, Russian Agriculture Minister Alexander Tkachev said on Wednesday.

"First of all, they include grain and oil-bearing crops - soya, barley, canola, flax seeds and sunflower oil," Tkachev said. "Next year, we are planning to export about 1.5 million tonnes. A total export volume will reach about 52 million tonnes by 2018."

Earlier in the day, the Export Food Trade company and the resident of Qinhuangdao Development Zone, a Chinese company Sino-Europe Agricultural Development, had signed a long-term contract for supplies of Russian agricultural produce to China.

The agricultural products are expected to be exported in line with the initiative titled New Gran Land Corridor Russia-China. The first train is being readied and will arrive at the destination in mid-April.

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