China, Russia Seek to Expand Ag Trade

Chinese and Russian officials want to expand trade and supply chain cooperation, with both sides emphasizing trade in agricultural goods, the Chinese Ministry of Commerce said Aug. 25, according to an unofficial translation of a news release. China wants to “deepen cooperation” with Russia in the “entire soybean industry chain,” and Russia said it is “willing to further expand exports of agricultural products to China,” the notice said. The countries also said they want to establish a “Sino-Russian soybean industry alliance.”