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Belgium: analysis of the impact of the Russian embargo on pork

The study allows to establish that the Russian embargo has had a catastrophic effect on the prices, especially on those of pork (-23%) and milk (-32%).

Thursday 21 April 2016 (3 years 4 months 3 days ago)
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At the request of the Minister of Agriculture of Belgium, Mr. Willy Borsus, the SPF Economie carries out, every trimester, an analysis of the impact of the Russian embargo, with an emphasis on pears, apples, tomatoes, pork and dairy products.

As a part of this analysis, the exportation prices and data of the fourth trimester of 2015 have been compared with those of the same period in 2014 and of the same interval before the enforcement of the Russian embargo, this is, the fourth trimester of 2013.

Borsus points out that, although it was already known, the study allows to establish that the Russian embargo has had a catastrophic effect on the prices, especially on those of pork (-23%) and milk (-32%).

In the specific case of pork it highlights that:

  • In the fourth trimester of 2015, the price of the pig carcass showed an average drop by 2.5% in comparison with the same period in 2014.
  • If compared with the last trimester of 2015 and the same trimester before the Russian embargo (last trimester of 2013), the decrease is by 23%.
  • In the last trimester of 2015, Belgium exported 5% more than during the same period in 2014. In comparison with the fourth trimester of 2013, the pork exports have grown by 2.8%.

Thursday, 31 March 2016/ Willy Borsus/ Belgium.
http://borsus.belgium.be

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