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Global impact of the Russian Federation’s restrictions on imports of agricultural products

The strongest fall in imports during 2014 has been pig meat (41% in volume terms).

Friday 3 July 2015 (3 years 1 months 14 days ago)
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According to OECD-FAO Agricultural Outlook 2015-2024, no notable increase in domestic meat production has been observed following the Russian import restrictions. The main effects of the ban have been, first, a major shift in the import sources, and, second, an overall decline in aggregate agricultural imports.

In the second half of 2014 the value ofagricultural and food imports in the Russian Federation declined by 6.4% relative to the same period in 2013, with a sharp decline towards the end of 2014 as a result of the steep fall in the ruble. Among the affected products, the strongest fall in imports during 2014 has been pig meat (41% in volume terms). The share of Brazilian pig meat within trade flows to the Russian Federation increased from an average of 21% during 2013 to 72% in the last quarter of 2014. Brazil has now replaced the EU as the main exporter of pork to the Russian Federation.

July 2015/ OECD-FAO Agricultural Outlook 2015-2024/ FAO.
http://www.fao.org

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