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Food producers tally first losses resulting from sanctions
22 Aug 2014 Flash News
THE AGRICULTURE Ministry has already recorded some losses caused by the Russian ban on food exports from EU countries. The losses in amount €2.3 million were reported by companies Rajo Bratislava, Senoble Zvolen and Gemermilk Rimavska Sobota.
Generally, the sanctions have not significantly affected Slovak food market despite early alterations to pricing for fresh vegetables and fruits, especially apples. Farmers reported losses amounting to €11.5 million. However the massive import of food product has not hit the country so far, Agriculture Minister Ľubomír Jahnátek told to press on August 20.
Prime Minister Robert Fico said that government has approved measures aimed at boosting official checks on each part of the food chain in order to minimise any negative economic impacts on Slovak farmers and food producers, TASR reported.
“We’ll demand compensation for the loss of export markets and/or falls in prices due to excessive levels of foodstuffs on the European market,” Fico said when delivering the opening speech at Agrokomplex, the international agriculture and food fair that opened in Nitra on August 21.
Compiled by Roman Cuprik from press reports
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