Regional Comprehensive Economic Partnership trading bloc

Chinese growers forecast more agri exports to RCEP countries

Due to the Covid-19 situation, fewer plantations and more flooding than average, the agricultural yields in China are smaller this year. This has resulted in rising prices of everyday commodities like spring onion and ginger rising in recent months. And while many Chinese growers were unsure about cultivation plans years ago, encountering poor sales of quality vegetables. Now, local wholesale traders lend them a hand by planned orders from countries like Japan and South Korea.

"We sign contracts with farmers upon these foreign orders," said Jia Guoliang, general manager of Anqiu Huihai Food Co., Ltd. "This grants them certain plans, stable sales and prices." quoted Wang Shunming, deputy chief of Anqiu Agricultural Bureau, as saying:  "In Anqiu, we have at least a hundred agricultural exporters. Products are flowing in this industrial cluster to meet international demand. Our South Korean partners are leading companies who estimate more imports from us, particularly Chinese cabbage to make kimchi."

The local agricultural agency said Anqiu became China's first exporter of ginger to New Zealand this year, one of the 14 Asia Pacific countries that just signed a trade pact with the country. The Regional Comprehensive Economic Partnership, or RCEP, is creating the world's largest trading bloc.

Local exporters are also encouraged to keep an eye on domestic market, a strategy that China promotes to drive and sustain consumption and growth.

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