Dairy exports: Russian embargo aids New Zealand

Total dairy exports to Russia have increased 37.9 per cent from 119,000 tonnes to 163,000 tonnes, according to Dairy Australia.

This large increase is off a small base as embargoes from 2014 remain on dairy imports from the US, EU, Australia, Canada and Norway. The embargoes are in place until the end of this calendar year, when the enabling legislation is due to expire, but Dairy Australia said it could continue for the short to medium term.

Dairy Australia’s Situation and Outlook report said there had been some speculation about the end of the embargoes. The expiration of the legalisation is meant to signal a review and a probable renewal, rather than an end to trade restrictions.

Russia has increased its self-sufficiency and sought smaller volumes from countries including Argentina, Uruguay and Belarus.

New Zealand has increased its direct exports to Russia by 170 per cent to 33,000 tonnes in the past year. Dairy Australia analyst John Droppert said the Russian economy and currency was “very constrained”, which meant affordability of dairy products was an issue.

After three years of trade embargoes, developing a dairy market in Russia would be like “starting from scratch”. He predicted a burst of optimism if embargoes were lifted but said the process would be drawn out and not expected to deliver a lot of value to the market initially.

 

Source: Weekly Times

Link: http://www.weeklytimesnow.com.au/agribusiness/dairy/dairy-exports-russian-embargo-aids-new-zealand/news-story/f74665c93c1f0918353ebf65f99b4f14

 

Any claim arising from the information contained on the eDairy News website shall be submitted to the competence of the ordinary courts of the First Judicial District of the Province of Cordoba (Primera Circunscripción Judicial de la Provincia de Cordoba), Republic of Argentina, in the city of Córdoba, excluding any other jurisdiction (Federal jurisdiction is also excluded).

*

Criteria in the moderation of comments that eDairy News will take into consideration in all its publications.

  • They will not be considered insults of any kind against anyone,, whether a user, moderator or publisher. Complaints made with the name and surname of the author of the commentary will only be accepted after confirmation by the moderator.
  • Unsubstantiated and gratuitous destructive criticism or expressions of bad taste, whether offensive, racist or xenophobic.
  • SPAM, (Insert links to web pages not related to the subject, provide emails, etc...)
  • Comments that are meaningless with the footnote or the dairy sector.

Related posts


Top