China becomes the largest overseas export market for Russian meat products
Foodmate News: Russian Business Consulting Center (RBC) reported on July 28: China has surpassed Ukraine to become Russia's largest meat export market. In the first half of 2020, 45% of Russian meat products were sold to mainland China (exports amounted to US$181 million, or approximately RMB 1.266 billion), and another 9% of meat products were exported to Hong Kong, China.
Ukraine’s share of the Russian meat export market fell to 16% (previously 28%). At the same time, according to relevant RBC data, Russian meat exports in the first half of 2020 increased by 2.2 times, reaching US$ 336 million, an increase of 125.5% compared with the same period last year (US$ 149 million). Among them, the export value of poultry meat reached US$ 193 million, the export value of pork reached US$ 85 million, and the export value of beef reached US$ 16 million.
According to the analysis of Russian Business Consulting: Since January 2020, China has given the "green light" to Russian poultry exporters and allowed Russian frozen beef to be exported to Russia and has laid a solid foundation for the rapid growth of Russian meat exports to China.
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