CHINA - Importing Wheat and Soy from Russia

Arno Froese

China has approved wheat imports from the Russian region of Kurgan, the Chinese customs office said, bringing Russia a step closer to its goal of dramatically increasing grain exports.

It also approved soybean imports from all parts of Russia, the General Administration of Customs said in a separate statement on its website, having all but halted U.S. soy imports as the trade dispute between Beijing and Washington deepened.

China was the top buyer of U.S. soybeans until Beijing slapped a 25% tariff on shipments last year in response to U.S. tariffs on a range of Chinese products.

Russia, already the world’s top wheat exporter, plans to invest billions of dollars in grain infrastructure and logistics with the aim of raising its exports of the commodity to at least 55.9 million tons by 2035.

The figure, outlined in a 2035 strategy published by Russia’s agriculture ministry, could be as high as 63.6 million tons, its “optimistic scenario” forecasts showed.

This year, Russia is expected to export 41.9 million tons of grain, including 31.4 million tons of wheat, according to SovEcon, one of Russia’s leading agriculture consultancies.

China is already importing wheat from six other Russian regions.

-www.reuters.com, 26 July 2019

Arno's commentary

Wikipedia lists Russia as the world’s leader in producing barley, buckwheat, and oats. Quite apparently, the 25% tax (tariff) on soybeans from the US has contributed to China’s seeking other sources. Russia, by far the world’s largest country, is a resource-rich country with virtually unlimited potential for expansion, and they are neighbors with China.

This seems to be the new end-time battle: not weapons of war, but merchandising among the nations. Based on our understanding of the prophetic Word, merchandising will be the absolute dominating factor in the future. This is especially true when one considers the population increase, at least for another 5 to 10 decades.

In spite of many natural catastrophes such as floods, droughts, fires, earthquakes, and storms, food is being produced in abundance—actually over-abundance when one considers statistics that show over 35% of agricultural products are outright wasted between the farmer’s field and the consumer’s table. Again, we are reminded of Genesis 8:22: “While the earth remaineth, seedtime and harvest, and cold and heat, and summer and winter, and day and night shall not cease.”

Arno Froese is the executive director of Midnight Call Ministries and editor-in-chief of the acclaimed prophetic magazines Midnight Call and News From Israel. He has authored a number of well-received books, and has sponsored many prophecy conferences in the U.S., Canada, and Israel. His extensive travels have contributed to his keen insight into Bible prophecy, as he sees it from an international perspective.

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