Dairy Market Blog
(WorldNews Finland)

20 Aug 2014 Dairy Market Blog Dairy Russian ban - an unfortunately timed addition to already unstable markets Announced on 8th August, the Russian ban on EU imports of foods (including dairy) cannot be blamed for July milk price adjustments, but it affects sentiment at a time when markets are weaker due to supply growth (+4.9%) continuing to outpace otherwise good demand growth (+2.5%). Russia is a very important market for the EU, accounting for 33% of all EU cheese exports, and 29% of all butter exports. It should be noted that the ban does not involve infant formulae and casein - a plus for the Irish industry. Ireland only accounts for only 0.5% of the cheese exported from the EU to...