EUROPEAN AND UK EXPORTERS DECREASE AMERICAN FORMULA SHORTAGE, BUT TRADE HINDERED BY RED TAPE
July 30th, 2022
Continental European and British manufacturers are stepping up to supplement the depleted US infant formula market, but their efforts may be limited by too little supply and too much red tape. “In the short run, major export volumes from the EU [European Union] to the US in these products is not a very realistic expectation,” said Pekka Pesonen, secretary general of Copa-Cogeca, which represents EU farmers and agri-cooperatives. While precise and current information about EU formula production capacities was not available, according to Pesonen, he added: “I ...
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