Russian ban on import of food products could have local impact

A new ban in Russia on the importation of substantial food products imported from Canada, the U.S. and Europe could have a large effect on local farmers.

The ban was issued as a hit back at sanctions on Russia over the growing crisis in Ukraine and includes meat, fish, milk and milk products, fruits and vegetables.

Bruce Hudson is a pig farmer in the Kinburn area. He told CFRA it's still too early to know whether his operations will be affected, but prices of pork could take a tumble.

"I'm sure it's going to have an influence, but our prices are based on the North American price," he said. "I guess we'll see what happens, if there is any effect at all."

Russia has become Canada's third largest export market for pork after the United States and Japan, accounting for $492-million in sales in 2012.

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