China to increase imports of Russian agricultural products due to disputes with the US and Canada

China plans to increase purchases of Russian agricultural products due to trade conflicts with the United States and Canada. One of the first goods for which demand will increase may be peas, Reuters reports.

Last week, China imposed tariffs on $21 billion in American products and restrictions on Canadian peas. This opens up opportunities for Russian farmers, although not all products will meet Chinese standards, notes Sergey Pluzhnikov of Russian Pulses Analytics.

According to Rusgrain, in the 2023/24 season, China imported 1.13 million tons of Russian yellow peas. Russia may compete with Ukraine, which has signed an agreement with China on the export of peas.

Russian wheat exports to China are also expected to increase, which will contribute to the Kremlin’s plans to increase agricultural exports by 50% by 2030. Russia has already overtaken the US in terms of supply, shipping 275,000 tonnes compared to 139,000 tonnes of American wheat.

Experts believe that China may also allow imports of Russian winter wheat (currently only spring wheat is allowed), which accounts for 70% of the Russian crop, which would further strengthen Moscow’s position in the Chinese market.

Tags: wheat, pea, Russia, China