"Everyone knows that China imports a lot of products from the United States, especially soybean - 30% of the total consumption of China's soybean imports from the United States. It is a huge number - more than 32 million tons. But now a trade war is a very good chance to increase the supply of soybeans to China from Russia. Obviously, we are thinking about it. We, including COFCO, now I think on it, how to use this chance to increase exports of soybeans from Russia", - said he Janiva.

However, he noted that the volume of annual production of soybeans in Russia is around three million tons, but China lacks more than three million tons. "It is obvious that it is impossible to buy a soybean need to grow, harvest still need to collect. In addition, the collected soybean should still be stored somewhere, we need granaries. In addition to all these technical aspects, the collected soybeans still to be delivered to China. So we have to think over the fact that Chinese enterprises invested in the production of soybeans in Russia," said Ho Janeway.

He said that COFCO has already started work in this direction by opening a representative office in the Russian far East.

He stressed that the Russian side also need to hurry up with the release of the Chinese soybean market, which has already claimed Brazil.

"China now relies more on Brazil soybean imports. But we know that Brazilian soybeans are genetically modified, only soybeans from Russia are not genetically modified. If now Russia will be able to take the soybean market of China, even after the improvement of relations with the United States, Americans will not be able to return. If you really took the market, then it's yours. We do not need to miss this chance," concluded Ho Janeway.

The Russian authorities noted that amid trade disputes between the US and China, companies from Russia have the opportunity to substitute in the Chinese market of the goods from the U.S. that China has raised the duty. The Minister of agriculture of the Russian Federation Dmitry Patrushev in his interview to RIA Novosti said that China is interested in increased supplies of soy to your market, and Russia is ready to increase supplies.

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