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Increasing exports of buckwheat and oats from Russia to China: trade relations between the countries are growing.
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Increasing exports of buckwheat and oats from Russia to China: trade relations between the countries are growing.

China has increased buckwheat imports from Russia by 1.8 times to $61.5 million in 8 months. Russia is the main supplier. The import of Russian oats also doubled to $34.7 million. In 2023, the buckwheat crop in Russia increased by 20%, but the sown area decreased. The situation is similar for oats harvest.

23 September 2024 23 September 2024

According to information from the General Administration of Customs of China, China increased buckwheat imports from Russia by 1.8 times from January to August, reaching $61.5 million, which is $16.9 million more than the previous year.

Russia is the main supplier of this agricultural product to China, but also purchases buckwheat from seven other countries, such as Bolivia ($4.3 million) and Canada ($3.7 million) over the 8 months.

In August, the volume of buckwheat shipments increased to $10 million compared to $7.5 million in July.

In 2023, Russia harvested 1.48 million tons of buckwheat, which is 20% more than in 2022, but in 2024, the acreage under this crop decreased by 15.1% to 1.092 million hectares.

In addition, China increased imports of Russian oats by 100% over 8 months, reaching $34.7 million.

Buyers of oats from China choose them from four countries, with Australia accounting for the largest share ($61.4 million), followed by Russia. Oats are also supplied from Canada and the USA.

Oat production in Russia decreased to 3.3 million tons in 2023, which is 27.8% less than the previous year, and the area under this crop decreased by 10.5% to 1.708 million hectares.

 

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