Russia’s Basic Element agri-division to ship pork to Asia
China’s giant demand for food and feed is pulling companies into the industrial agriculture sector, with the agricultural division of the Russian billionaire Oleg Deripaska’s company Basic Element plans to export pork, wheat and soybeans to China to take advantage of the “explosive” growth seen in the country.
Basic Element, an energy-to-aviation conglomerate, plans to start producing 10,000 to 15,000 tonnes of pork in Siberia and ship it to China and other Asian countries, said Andrey Oleynik, managing director of the company’s agribusiness management directorate.
Source: China Daily
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