chinese market: Through the project, the Russian company could successfully introduce its low-cost corn and soybeans into the Chinese market, thus further achieving comprehensive agriculture strategy in the country, Ma Wenfeng, a senior analyst at Beijing Orient Agribusiness Consultants, told the Global Times on Sunday, according to Global Times China. Although China is the world's largest buyer of agricultural products, its purchases from Russia have been limited, and it barely buys corn from Russia, the eeo report said. According to a report from eeo on Sunday, the project is being conducted under an investment framework between the company and the Qingdao government, and it is the biggest foreign-invested agricultural project in the past five years in China. Rusagro entered the Chinese market with products from its agricultural business division in 2018 and shipped 5,000 tons of corn to China via the port of Qingdao in late 2018, according to a Reuters report. Investment in the first phase will be 2 billion, involving a pork pig production base covering an area of 1,000 hectares and an annual production of 3 million, a slaughterhouse, and a modern feed processing plant and storage base with an annual output of 1 million tons. The project is divided into three phases.
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