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Prices of milk and cheese in the United States are falling because of Russia

Prices of milk and cheese in the United States fell to five-year lows against the background of the reduction of EU import demand and growth, Bloomberg reported. The main cause of this market situation, the agency believed Grocery embargo imposed by Russia in the summer of 2014, in response to US and EU sanctions.

According to Bloomberg, reports the RNS, delivery of butter from the EU increased by 2015 was doubled, while imports of cheese added 17%, while the stock prices of a number of dairy products have fallen to a minimum since 2011 years. Stocks of cheese in the United States, according to statistics of the American Ministry of Agriculture (US Department of Agriculture, USDA), to maximize with 1984, when Chernenko Soviet rule, and in the US went on sale the first Apple Macintosh. At the same time, American cheese make up just over half of the reserves, 2% Swiss cheeses are classified as remaining listed as "other".

"It is very difficult to export (US -. RNS), in view of the strong dollar, and they go in imports. Where American business loses, Europe wins ", - he told Bloomberg analyst at Rabobank International Bank Kevin Bellamy.

The Russian embargo, as well as the fall in food prices and the weakening of the euro allowed European exporters of dairy products to adjust supply not only in the US but also to the Middle East and Asia, according to Bloomberg. Russian food embargo in August 6 2014 years. The total annual volume of imports, which fell under the sanctions, is estimated at $ 9 billion. The ban has got the majority of types of food and agricultural products from the EU, US, Australia, Norway and Canada.

See also ... 19/05/2015 Estonian milk export has already fallen by 17% 18/02/2016 Australia's milk workers supported European farmers27/10/2014 Switzerland increased cheese exports to Russia five-fold14/04/2015 Milk adaptation to anti-sanctions06/04 / 2015 Milk processors require toughening the embargo 11/11/2014 Finnish milkmen lost $ 200 million from the sanctions of the Russian Federation 02/06/2015 Soyuzuzmoloko: milk imports in Russia decreased by 4,5 times feed Russia with “European” cheese20 / 05/2013 Latvijas piens improves position in the Latvian market17 / 09/2014 03 Silutes Rambynas suspended exports to Russia 02/2014/09 Soyuzmoloko initiates an investigation 10/2013/01 Luzhkov will release “its own” parmesan and mozzarella 07/2014/02 Valio forced to re-cut staff 10/2015/02 Cheese importers from the EU have found a way around the embargo

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