Russia’s meat packers are being squeezed by a 12 to 14 per
cent increase in livestock prices since President Vladimir Putin banned imports
from Europe, Canada, Australia and the United States.
He was reacting to their economic sanctions designed to
pressure Putin to back off in the Ukraine.
The owner of one of the major Russian meat packers has
written an open letter to Putin, pleading for government help because he says
the entire meat-packing industry is in crisis because of the cost-price
squeeze.
Earlier this week the nation’s leading poultry and pork
producer and packer announced it’s investing about $115 million Cdn to build
additional barns to fill the void that developed because of the import bans.
