Wednesday, 09 March 2022 11:25

EU pain

Written by  Milking It

OPINION: European farmers are being told to brace for tough times and it's all thanks to Vladimir Putin.

The Russian strongman's decision to invade Ukraine will have serious knock-on effects for EU farmers because much of the EU's meat and dairy industry relies on imported feed crops from Ukraine, and the bloc is also hooked on Russian gas and fertilisers.

Russia and Ukraine jointly account for more than 30% of the world's trade in wheat and barley, 17% of corn and over 50% of sunflower oil, seeds and cakes for feeding animal.

So, while the EU's sanctions will cause grief to the Kremlin, the pain will also be felt across the European farming sector.

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