Let’s not be too happy about Russia’s move

MG
08-01-2008, 12:55

Warsaw (Puls Biznesu) – Politicians and investors were  enthusiastic about the news that Russia is levying the ban for Polish meat. Facts show, one should not be so happy about that.

When just before Christmas, it was announced that Russia levies the ban on Polish meat imports, the media, politicians and stock investors reacted with euphoria. Stock of listed meat producers, including PKM Duda and Beef-San jumped despite the fact that these companies are not included in the list of meat plants allowed to export to Russia. The memorandum signed with Russia concerned meat and its products. The ban on plant products has not been levied although they constitute the majority of Polish food exports to Russia.

Many well-known firms have still not been allowed to export to Russia. Animex, Poland’s biggest meat group or listed Indykpol still cannot sell their products in the east. About 80 companies, including PKM Duda, Beef-San, Indykpol and Animex, have applied to have their plants controlled by Russian veterinary inspectors.

(PLN 1 = EUR 0.278)

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