Sign up for our daily Newsletter and stay up to date with all the latest news!

Subscribe I am already a subscriber

You are using software which is blocking our advertisements (adblocker).

As we provide the news for free, we are relying on revenues from our banners. So please disable your adblocker and reload the page to continue using this site.
Thanks!

Click here for a guide on disabling your adblocker.

Sign up for our daily Newsletter and stay up to date with all the latest news!

Subscribe I am already a subscriber

Low rouble hits China's fruit and veg exports to Russia

On the 18th of Feb, reports from the Heilongjiang Entry/Exit Inspection and Quarantine Bureau revealed that exports of fruit and veg to Russia, through the port of Suifenhe, dropped markedly due to the devaluation of the rouble and the decline in purchasing power of Russian consumers. In January this year exports to Russia were valued at $2,660,000, down 24% on the same period last year.

Russia is the world's fifth largest market for fruit and has a land border with China's northern Heilongjiang Province. Russia's annual consumption of fruit & veg is about 100 kg per capita, so the potential is obvious. China, as Russia's largest neighbor, has a variety of advantages, such as a complete range, rich nutritional values and convenient transport. For Suifenhe, fruit and veg to Russia's far east coastal regions, such as Khabarovsk, have been one of their major export commodities. 

Most of Russia is in the northern temperate continental climate range, and can only supply fruit & veg for 3 months of the year. So, the first quarter of the year is when Russia has a higher dependence on imported fruits and vegetables from China. 

Recently, the rouble exchange rate fluctuations have led to a decline in the Russian people's spending power. Along with that, the development of the Russian Far East, which has promoted the development of local fruit and vegetable industries in Russia, has squeezed the market space for China's exports to Russia and has reduced the demand for Chinese fruits and vegetables.




Publication date: