China’s state-owned food processing company, China National Cereals, Oils, and Foodstuffs Corp. (COFCO Group), has announced plans to build two warehouses, each with a capacity of 100,000 tonnes, on the most southeastern region of Russia bordered by China and North Korea, Shanghai-based Guancha Syndicate reports…Full Article: WantChinaTimes Oct 2015

Key Points

  • COFCO is interested in constructing the warehouses in Russia’s Mikhailovsky priority development territory located in southern Primorsky Krai.
  • Russia has nine priority development designated territories that have a 0% profit, land, and tariff rate. Additionally, the Russian government will pay expenses related to constructing roads and an electrical connectivity.

ChinaAg Comments

  • In June 2015, China announced it would start the construction of a joint Chinese-Russian livestock agricultural complex in Heilongjiang province. The agricultural complex will developed by China’s Zhongding Dairy Farming and Russia’s Severny Bur, with approximately 100,000 ha of Russian and Chinese land to be used to grow animal feed. Russia’s Primorsky Krai borders China’s Heilongjiang province.
  • In June 2015, a Zhejiang-based company was granted permission to lease 115,000 hectares of uncultivated land in Russia’s Transbaikal region (i.e. Zabaykalsky Krai). The Chinese company plans to use the land to grow vegetables, wheat, and other agricultural commodities, as well as raise livestock.
  • In 2004, the Sino-Russian agricultural joint venture “Armada” was established. The agricultural JV covered an area of 40,000 hectares in Russia’s Primorsky Krai region.

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