Uncertainties in the Russian market have halted plans for a trade mission hosted by the SD Department of Agriculture.
The following is a press release from the SD Department of Agriculture:
PIERRE, S.D.-Due to uncertainties in the Russian market, the beef genetics trade mission hosted by the South Dakota Department of Agriculture (SDDA) and South Dakota Beef Breeds Council planned for October has been cancelled.
“Unfortunately, after two successful trade missions in 2012 and 2013 led by SDDA, a return mission this fall will not happen,” said Ty Eschenbaum, SDDA ag development representative. “The focus of this trade mission was beef cattle genetics; no sanctions or bans had any direct effect on this market segment However, after evaluating the situation, the overall political climate and uncertainty makes a trip to Russia less desirable for the objectives of the mission. We will re-evaluate this trip in 2015 as we still see great opportunity in the Russian market.”
South Dakota producers and private industry should expect continued opportunities for shipping live cattle, semen and embryos to Russia.
For more information on South Dakota international trade, please contact Ty Eschenbaum at 605.280.4744.
Agriculture is South Dakota's No. 1 industry, generating $25.6 billion in annual economic activity and employing more than 115,000 South Dakotans. The South Dakota Department of Agriculture's mission is to promote, protect, preserve and improve this industry for today and tomorrow. Visit us online at http://sdda.sd.gov or find us on Facebook and Twitter.
Source: SD Department of Agriculture
Posted by Haylie Shipp