Brussels, 24/08/2010 (Agence Europe) - The ban on cereal exports which came into effect in Russia in mid-August will have “virtually no impact” in the European Union, a spokesman for the European Commission said on Tuesday 17 August.
The EU imports less than a million tonnes of cereals from Russia. EU domestic cereal production is around 280 to 300 million tonnes annually. This “clearly shows that the impact on the European cereals market will be very slight, if not virtually nil,”...