The introduction of ‘Aids to Private Storage’ is an option as the EU works out its response to last Thursday’s introduction of a ban on food imports from Europe by Russia, according to the Minister for Agriculture Food and the Marine Simon Coveney.

Simon Coveney officially opened Tullamore Show

Simon Coveney officially opened the  Tullamore Show

Speaking at the Tullamore Show, he said that before we get to this stage, it is up to the EU Commission to establish the scale of the problem with the Russian ban represents. “And, in this context, I welcome the decision by Agriculture Commissioner Dacian Ciolos to establish an expert working group. This work gets underway tomorrow in Brussels.

“Yes the introduction of Aids to Private Storage will serve to take surplus food temporarily off the market. But we are far from being in a crisis situation. The reality is that Russia will have to find other sources for the food that it is no longer accepting from Russia. And this in turn will open up market opportunities for EU food businesses in other parts of the world.”

Last year, EU exports to Russia were valued at around €10 billion. The vast bulk of this produce comes from Germany, the Netherlands and Poland. In 2013 Irish food exports to Russia were valued at €250 million.

Minister Coveney officially opened this year’s Tullamore Show and highlighted the fact that the vast bulk of Irish dairy products are exempt from Russia’s food import ban.”

Fine Gael MEP Mairead McGuinness, who also attended today’s event in Tullamore, told Agrland that it is far too early to characterise the Russian food import ban as a crisis for the EU’s agri food industry.

“There is no need for an over-reaction. Yes there will be short term movements on the world’s food markets. But what is required is the correct, long-term response from Brussels. And if the Commission feel that its intervention in the market is required, then this should be taken at an early stage. Moreover, these actions should be decisive in nature,” she said.