RUSSIAN DAIRY EMBARGO TO CAUSE DISTURBANCES IN GLOBAL MARKETS, INDUSTRY SAYS
August 1st, 2014
THE BAN imposed by Russia at the beginning of August on dairy products from the European Union (EU), US, Canada, Norway and Australia will cause disturbances on the European and world markets, the European Dairy Association (EDA) warned the European Commission on August 13.This is due to a redirection of global dairy trade flows, the organisation claims, as all dairy industries in the world affected by the Russian embargo will have to find new markets for their exports, according to EDA.For the EU, the ban will see increased costs by the dairy industry to store ...
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