Russian dairy opportunity

Increased Russian imports of dairy products represent a post-quota opportunity for Ireland’s milk processing industry, according to one Bord Bia analyst.

Emily McCormack of Bord Bia’s Moscow office said Russia has increased its imports of powdered milk and other dairy-processed products which have not been included in its bans on western imports.

With Russia’s inflation reaching 16% in January and food prices continuing to increase, imports of non-banned dairy industry ingredients are likely to keep growing.