November 25, 2014

Turkey's white meat exports to Russia surge 447%

Turkey's exports of poultry and seafood jumped by 447% in the first nine months of 2014, the Turkish minister of food, agriculture and animal breeding said.

Turkey is a key supplier of food and agricultural produce to Russia with US$1.68 billion worth of trade last year.

Following US and EU sanctions on Russia for its role in the conflict in Ukraine, Russia retaliated with restrictions on the import of food from the European Union and other western countries in August. The restrictions created big opportunities for Turkey and Latin American countries like Brazil, which increased food imports to Russia.