(Finance) – The winds of war blowing from Eastern Europe concern the agricultural sector Italian for the impact that the Russia-Ukraine crisis will have on agri-food trade.
Confagricoltura in particular, it is concerned about the consequences of trade sanctions issued by Brussels and for foreseeable retaliation by Moscow. “Italy, together with the other EU countries – it is emphasized – is still facing the mass al ban on fruit and vegetable products and pork decided in 2014 by the Russian Federation precisely as a reaction to the measures the EU took after the annexation of Crimea. The new diplomatic crisis could extend the list of leading sectors of Made in Italy affected such as the wine sector, second in the EU for exports to Russia, and the sector of pasta for food use. “All this in addition to the impact on the price of gas and gods fertilizers (already doubled over the last year).
Coldiretti remember that “le exports Made in Italy food products in Russia have lost 1.5 billion in the past 7 and a half years due to the embargo decided by Putin “in 2014 at the time of the war in Crimea.” The agri-food sector – explains Coldiretti – is, up to now, the only sector directly affected by the embargo which has led to the complete elimination of exports in Russia of Made in Italy products on the black list, from Parmigiano Reggiano with Grana Padanofrom the Parma ham to San Daniele hambut also fruits and vegetables. To the direct damage of the lack of exports to Russia is added the insult of the spread on the Russian market of imitation products that have nothing to do with Made in Italy “, made in Russia, Switzerland or of Brazilian or Argentine origin.
And they sound an alarm on the rise in agricultural commodities i CAI – Agricultural Consortia of Italydenouncing the increase in the prices of common wheat, corn and soybeans at the two world commodity exchanges (Chicago and Paris). TO Chicago, after Putin’s announcement on the recognition of the autonomous republics of Donbass, soft wheat marks an increase of 4 euros per ton compared to the end of last week (+ 1.5%), corn marks an increase of 5 euros per ton (+ 2%) while soy is quoted at 6 euros more (+ 1.75%). The same goes for the main European stock exchange, the Matif of Pariswhich shares the tender up by € 2.50 compared to yesterday and corn up by € 3.