Russia cancels its embargo on E U fruit & vegetables
MD
At Russia-EU summit holds in Nijni Novgorod, Russia just announced it will re-openi its borders for European Fruit & vegetables as soon as the EU will provide safety documents
Russian decision has been taken after Germans announced the cause of Eceh (E-coli) contamination is coming from sprouts. This could take however "few days depending on how hard EU officials try"
Since crisis begins, Spanish professionnals estimate they have lost more than € 200 millions/ week.
In Germany, Producers association is reprting a shortfall up to € 60 millions.
Fruit & vegatable trade should get back to his usual level soon, in terms of volume. Another question is concerning value.
Negociations with European Unions will follow, to compensate part of the loss.