Posted on 09/28/2014 3:18:58 PM PDT by Bettyprob
he ban on imports of selected food products to Russia has led to a fall of purchasing prices of summer apples and vegetables in the Czech Republic, according to a poll carried out by ČTK.
According to Agriculture Ministry spokesman Hynek Jordán, retail chains have made use of the situation and have cut purchasing prices of apples as well as processed products, such as apple juice, by at least 20 percent.
Apples, for instance, are being sold for about one half of last year's price.
“Poland started placing apples on the market for almost zero prices to get rid of them immediately after the embargo was announced,” Czech Fruit Growers' Union head Martin Ludvík said.
(Excerpt) Read more at praguepost.com ...
I’m sure some unhappy Ruskies are unhappy not getting their viddles.
That’s tragic.
I worked in the apple business growing up.
Late August and September are the peak harvest months.
A whole year of work, then poof, a political issue wipes out all your labor and all your investment.
It is easy to write article by a journalist trying to cook up a scandal, but the economic impact is really not this large.
The article said Czech fruit and vegetable growers are likely to lose $27-$65 million in sales. To put it into context this is 0.1-0.3% of their GDP and there are already compensation schemes being worked out.
I wish they’d send a bushel over here, I’d turn it into the best apple butter the world has ever tasted.
Poland already asked the EU for a $500,000,000 hand-out for their farmers. That might not be a large percentage of their GDP, but I am guessing their farmers are hurting sans government compensation.
Please give a source for your $500M number.
Another article trying to make a scandal. Poland ended up asking for €145m and even that includes room to big cuts.
http://www.theguardian.com/business/2014/sep/18/fruit-growers-russian-sanctions-vegetables
Russia and some European farmers are extremely interested in influencing the press to create panic and blow it out of proportions. EU agriculture is a very dirty business as due to huge subsidies the financial success does not come mostly from growing and selling products, but being good at the subsidy game.
Ah that sneaky “law of unintended consequences” again.
They should have prepped.
Bleh, make that they should be prepping.
That's hardly a pittance, and really, it's insulting that they're asking for anything at all. How are you going to sanction someone, and then run crying for a bailout after they inevitably hit you back?
It seems you're trying to brush off any stories about how farmers in Europe are being hurt by losing their biggest non-EU market. That article came from a Poland source, why would they be trying to make a "scandal"? Furthermore, some fruit businesses in the EU have already gone out of business because of this. Is the press supposed to simply ignore it, put on a fake smile and pretend all is well and those evil Russians can't touch them?
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