China Turns to Russia in Search to Replace U.S. Soybeans

  • Russia is planning to increase soybean production for China
  • Ukraine also signed a pact to expand Chinese grain sales
Photographer: Daniel Acker/Bloomberg
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In the search to replace U.S. soybeans, China is turning to Russia.

Russia plans to increase production of soybeans in the Far East for deliveries to China, Prime Minister Dmitry Medvedev told reporters in Beijing. The two countries are also planning to work more closely on other agriculture products, including rice, pork, poultry, fish, and to develop logistics.