news, features, articles and disease information for the crop industry

Russia Eyes Latin American, New Zealand Agriculture During Ban - 12 August 2014

You are receiving this email as you are a subscriber of
The home of premium international crop news and information.
Is this email not displaying correctly?
View it in your browser.
Tuesday 12th August 2014.
Sarah Mikesell - TheCropSite Senior Editor

Sarah Mikesell
Senior Editor



Russia Eyes Latin American, New Zealand Agriculture During Ban

Greetings! The big news continuing from last week is Russia’s import ban. This following the US and EU’s latest sanctions, imposed on Russian over the crisis in Ukraine, are designed to hammer Russia's banks, oil industry and military amid an already sluggish economy. 

Russia's one-year ban includes all imports of meat, fish, fruit, vegetables, milk and milk products from the US, Canada, all 28 EU countries, Norway and Australia.

Including banned products from Ukraine, Russia has now cut off 55 percent of its agricultural imports, including about 95 percent of its imported milk, cheese and yogurt.

A recent Forbes article noted that Russia can’t fill the food gap domestically as their domestic consumption exceeds production for many of the banned items.

As the ban takes effect immediately, Russia’s Agriculture Minister, Nikolai Fyodorov, said they would turn to both Brazil and New Zealand to ease their immediate supply constraints.

Brazil, the world’s largest meat exporter, will be their go-to for beef and chicken. However, with Brazil’s infrastructure issues, it could take some time to move product.

While it sounds like New Zealand might also get a win out of the ban, The Wall Street Journal reports – maybe not. A New Zealand currency manager said that Russia is the second-largest dairy importer in the world and any “European supply destined for Russia may need to find a new home.” Increased supply of dairy products in markets outside of Russia where New Zealand, a top exporter of dairy, competes could impact the New Zealand dollar.

David Cohen, the US Treasury Dept. undersecretary in charge of economic sanctions, said all the Russians have done is limit the Russian people’s access to food.

The US exports about $1.2 billion in food and agricultural goods to Russia, which is less than 1 percent of total US agriculture exports.

The EU will take a harder hit with exports to Russia of about $15.8 billion or 10 percent of its total agricultural exports.

Canada’s agricultural exports to Russia amounted to the equivalent of $515 million, according to Agriculture and Agri-Food Canada.

Australia’s total agricultural trade with Russia was valued at A$404.7 million in 2013. Of this, the majority value was in the category of 'meat, livestock and animal products' at A$309.9 million, followed by dairy (A$78.1 million), seafood (A$0.5 million) and cereals, crops and pulses (A$0.2 million).

The fishing industry is the hardest hit in Norway; Russia was its biggest single market last year.

There’s no doubt that all this will increase Russian food prices - quite possibly dramatically over the next year. Russian President Putin has made a clear statement that he’s digging in his heels and is willing to inflict pain on his own people in defiance to the world.

Have a great week!


5m Books - Bio Energy and Crop Book

Featured DVD of the Week



Ten years after he made the best-selling programme Two Thousand Mile Harvest Dylan Winter returned to the American grain belt to film two more harvesting crews working their way north.

Order Now

This Week's Articles and Analysis

How Do Honey Bees Stay Cool?
Honey bees, especially the young, are highly sensitive to temperature and to protect developing bees, adults work together to maintain temperatures within a narrow range.

Spinach Leads to Alternative Energy More Powerful than Popeye
Spinach gave Popeye super strength, but it also holds the promise of a different power for a group of scientists: the ability to convert sunlight into a clean, efficient alternative fuel.

Mapping Water Trends for African Maize
Today's food production relies heavily on irrigation, but across sub-Saharan Africa only four per cent of cultivated land is irrigated, compared with a global average of 18 per cent. Small-scale farming is the main livelihood for many people in the region, who depend on rainfall to water their crops.

Climate Change Increases Risk of Crop Slowdown in Next 20 Years
The world faces a small but substantially increased risk over the next two decades of a major slowdown in the growth of global crop yields because of climate change, new research finds.

Market Reports

USDA Crop Progress - 11 August 2014
USDA Peanut Prices - 8 August 2014
UK Cereals Usage by Millers, Brewers, Distillers & Maltsters - Review of June 2014
Animal Feed Statistics for Great Britain - June 2014
China Wholesale Prices - 7 August 2014
China Wholesale Prices - 6 August 2014
USDA GAIN: Mexico Grain and Feed July Update
USDA GAIN: Argentina Grain and Feed Update July 2014
USDA GAIN: Bangladesh Grain and Feed Update 2014
USDA GAIN: Bangladesh Cotton and Products Annual 2014

Global Crop Industry News


India’s Cotton Exports Down by 19 Per Cent in June 2014


Australia Counts the Cost of Russian Food Import Ban


Ireland Set Up Advice Line for Farmers Affected by Russian Ban


Food Security Summit on Agricultural Solutions in Asia Pacific
Ryan Martin: How is the Corn, Soy Crop Progressing?
FAO Food Price Hits a Six Month Low in July
Jim Wyckoff's Morning Report: Sell-off in World Stock Markets


Video: What Growers Can Do to Protect Blackleg Resistance Traits
Secure Seed Early for Planting Winter Wheat

   United States

Wyckoff's Closing Grains: Corn Closed Lower
Record Sales for Land O'Lakes
Wyckoff's Closing Grains: Corn Closed Higher
High Plains Cotton Generally in Good Shape, But Rain Needed
$1.5 Million to Develop New Crop for Biofuels
Wyckoff's Closing Grains: Corn Closed Lower


Khapra Beetle Infestation Stops Rice Shipment from Pakistan


EuroTier 2014: Stands Already Booked by Over 2000 Exhibitors

   Russian Federation

Russia Bans Range of Imports from EU, US, Norway, Canada and Australia


Argentine Wheat Numbers for MY 2014/2015 Practically Unchanged


Bangladesh's Raw Cotton Imports Projected to Increase
Total Rice Area, Production for Bangladesh Revised Down

   United Kingdom

Farming Growth Plan Needed to Reverse Declining Self-Sufficiency


Late Rains Affect Prospects for Senegal Crops


EuroTier 2014


TheCropSite - Ag Digital
Wyffels Hybrids - More Than A Number

The Pig, Poultry, Beef, Fish, Dairy, Meat, Cattle, Crop & Bioenergy Sites From 5M Publishing From 5M Publishing

unsubscribe from this list | update subscription preferences

Our Sponsors