Manitoba pork group says Russian sanctions will hurt
WINNIPEG – Manitoba pork producers say a Russian ban on food imports is a “huge” concern.
Russia is the fourth-largest market for Canadian pork exports, worth almost $500 million a year, said Karl Kynoch, chair of the Manitoba Pork Council.
Packers can hopefully find other markets to fill the gap, but different countries buy different parts of the animals, Kynoch said.
If a backlog develops, prices could fall, he added.
Russia has announced a one-year ban on meat, fish, milk and milk products, and fruit and vegetables from Canada, the U.S., the European Union, Australia and Norway.
The move is in response the sanctions some countries have imposed on Russia over the crisis in Ukraine.
© The Canadian Press, 2014