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Russian ban on EU, US foodstuff seen opening door for Indian dairy products exporters

Exporters of dairy products are expecting increased opportunities in the Russian market after its banning of food imports from the US and EU in retaliation against the Western sanctions over Ukraine.

Amul, owned by the Gujarat Co-operative Milk Marketing Federation (GCMMF), which was indirectly exporting skimmed milk powder (SMP) to Russia, may now launch its own brands there, it is learnt.

Amul reportedly plans to go in for certification of its plants by the Russian authorities and may enter that market with products such as butter, cheese and milk powder.

India’s SMP exports to Russia grew ten times to about 3,120 tonnes worth Rs 67.16 crore in 2013-14 from the previous year’s 310 tonnes valued at Rs 4.53 crore.

India was also trying to export other items like fresh vegetables and poultry products, sources said.

Russia, which imports 43 per cent of its foodstuff from the West, spends $ 2.7 billion a year on European fruit and vegetables alone, and also brings in large amounts of meat, dairy products and processed foods.

The Federation of Indian Export Organisations (Fieo) is hopeful of the EU and US sanctions facilitating a better opportunity for Indian exporters to enhance their presence in the Russian market.

Fieo is organising a "Made In India" show in Moscow from September 24-26 to promote exports.

Source : Exim News Service - Mumbai, Aug. 12


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