Russia Has Exported About 1 Million Tons Of Soybeans To China in The First Quarter

Russia has exported about 1 million tons of soybeans to China in the first quarter

Russia exported 992,100 tons of soybeans to China in the first quarter of this year, up 1.5 times compared to the same period last year, Russian media reported on May 25, citing Russian customs data.

China is the main importer of soybeans from Russia, which exported a total of 1.04 million tons of soybeans during the period, with Belarus in second place (18,700 tons).

Russia exported soybeans mainly from the Far East (921,200 tons). Almost all exports in the first quarter were concentrated in January (967,400 tons). Due to the new customs regulations, the volume of exports was significantly reduced in February, when the tariff on soybean exports was 30% per ton (not less than 165 euros per ton).

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