News in brief

Russia good for non-EU exporters

Russia offers opportunities for salt firms

Russia presents a significant opportunity for non-EU salt exporters, after the country banned Ukrainian imports earlier this year, which accounted for 24% of the market.

Around 1.5Mt of Russia’s 5Mt salt requirements were imported from the Ukraine. In January, Russia’s Federal Service for Supervision of Consumer Protection and Welfare imposed an import ban on salt from the Ukraine, according to salt processor Salt of the Earth. Russia’s salt needs will double in 2016.

Meanwhile, a ban on food and drink imports from the EU had made market conditions in Russia more favourable for non-European food and drink firms, said Avi Freud, Salt of the Earth export manager.

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