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Chinese Farmers Are Growing Soybeans in Russia Then Selling Them Back in China

By Tanner Brown / Aug 06, 2019 11:07 AM / Business & Tech

Photo: IC Photo

Photo: IC Photo

The tiny little soybean has played an outsized role during the trade war. Before tensions, China had imported millions of tons of the crop from the U.S., a number that dropped dramatically as the countries began imposing tariffs on each other’s imports.

But China still needs soybeans — it is the world’s largest importer of the product, after all.

The solution?

Chinese farmers are now going to Russia to grow soybeans and then selling them back in China.

The full story involves China-Russia negotiations, Russian land prices, and the complexity of bringing the necessary equipment from China to Russia.

Read this fascinating story later today at caixinglobal.com

Related: Chinese Companies Halt U.S. Farm Goods Purchase

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