The chairman of the Icelandic Farmers’ Association told RUV that food prices would be higher if Iceland dropped its restrictions on imported food. On the other hand, a recent OECD report on Iceland recommends that the country work to remove the restrictions as soon as possible. The OECD report recommends that Icelandic agricultural production should be reorientated to concentrate on areas of production where it is competitive with overseas producers, instead of trying everything. The report suggests that import restrictions keep food prices unnecessarily high for Icelandic consumers. The report also claims that Icelandic government subsidies to farmers are four-times higher than within the European Union. The relaxation of restrictions would therefore be a great help to consumers.Icelandic farmers were quick to question this, however. “I don’t believe this is a foregone conclusion,” Farmers’ Association head Haraldur Benediktsson told RUV. “I want to … [Read more...] about Do Iceland’s food import tariffs actually save shoppers money?
Baku, Azerbaijan, April 21 By Gazenfer Hamidov – Trend: Iran imported more food and agricultural products during the last fiscal year (ended March 20, 2018), compared to the preceding year, Kaveh Zargaran, the Secretary General of the Federation of Iranian Food Associations, said. Zargaran said that the Islamic Republic imported 18 million tons of foods and agricultural products during the 12-mont period, 8 percent more year-on-year. Zargaran who heads the Agricultural Commission in the Tehran Chamber of Commerce, told reporters that the value of Iran’s agricultural and food products’ imports increased by 14 percent to $9.8 billion in the last fiscal year. Over half of Iran’s imports in this sector falls on corn fodder, rice, soybeans, meat and meal, he said. Corn fodder worth $1.6 billion, rice worth $1.2 billion, soybean worth $943 million, banana worth $544 million, meat worth $524 million, barley worth $518 million, meal worth $503 million and crude … [Read more...] about Iran’s agricultural, food imports increase
Plans by the UK and European Union to share quotas for cheap food imports after Brexit have come under fire from Australia. Restrictions on how many products can be imported into the EU on favourable rates are set across the bloc and concerns have been raised internationally that exporters could take a financial hit when the UK quits. The government has agreed with Brussels to divide up the goods that can be brought in on low or zero tariffs based roughly on current rates. It would mean products imported into the UK in higher numbers than other parts of the bloc would continue to be traded in similar numbers. But Australia’s trade minister, Steven Ciobo, said the move would impose unacceptable restrictions on nations exporting to the bloc. “The point is that you have a choice about where you place your quota at the moment,” he told the BBC. “Therefore, given that you could put it in the UK or you could put it into continental Europe, why would we accept a … [Read more...] about Australia raises doubts over post-Brexit plans for EU food import quotas
Following Russia’s annexation of Crimea in 2014, the European Union responded by imposing sanctions against the country. Angered by the move, Russian president Vladimir Putin retaliated by issuing a ban on food imports from the EU. A consequence that followed was the policy of “import replacement”, whereby foreign products that are no longer available for import are instead reproduced on Russian territory. Among the goods that disappeared from shop shelves were French cheeses, and it is here that Russian businessmen saw an opportunity to fill the gap. It began in November 2016. Some 1000 goats were brought to a dairy farm in Verkhnyaya Pyshma, in the Sverdlovsk region. Within 18 months, the farm, which belongs to agricultural company UGMK-Agro, had almost doubled the size of its herd. Today, there are now more than 1800 goats grazing on the farm thanks to the efforts of local farmers. The production process for milk and cheese is carefully controlled, and local … [Read more...] about How Russian businessmen are overcoming bans on EU food imports
0 Have your say JD Wetherspoon chairman Tim Martin used the latest trading update to launch fresh criticism against two trade bodies - the Confederation of British Industry (CBI) and the British Retail Consortium (BRC) - over their assertion that food prices will likely rise in the wake of Brexit. Mr Martin said: “By refusing to acknowledge the fact that food prices will be reduced, post Brexit, if the UK leaves the EU without a deal and Parliament votes to eliminate taxes which are currently imposed on non-EU food imports, the CBI and the BRC are trying to fool the public and MPs and bringing business into disrepute.“These factually incorrect scare stories seem to be designed to convince the public that a deal is necessary to avoid a ‘cliff edge’.“In fact, the cliff edge is a myth. There is almost no action needed, for most companies, if the UK leaves the EU without a deal.“Provided that Parliament takes sensible steps, such as the … [Read more...] about JD Wetherspoon boss hits out at trade bodies over Brexit food price claims