brics_color_letters_3Found at GAoG, this is more evidence, in my mind, that the planetary financial "climate" is major-ly transforming.

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BRICS gain from Russia ban on EU, US food imports

The volume of Brazilian meat exports to Russia also surged, rising 78.9 per cent during the month to 41,000 tonnes

Following the near total food imports ban imposed by Russia on the US and certain EU nations, BRICS exports to Russia are growing substantially, new data revealed.

After 90 new meat plants in Brazil were recently approved to send beef, chicken and pork to Russia, Brazilian meat exports to the country has soared.

Brazil's Association of Meat Exporters said on Tuesday that beef exports rose 19 per cent in July to $692 million over the same period last year. Exports to Russia rose 113 per cent to $181 million last month, compared to July 2013.

The volume of meat exports to Russia also surged, rising 78.9 per cent during the month to 41,000 tonnes.

Brazil is the world's top exporter of beef and chicken. Brazil's secretary of agricultural policy, Seneri Paludo said in Brasilia last week the void left by the EU in Russian markets had huge potential for Brazilian exports.

The Brazilian official said this Russian opportunity was similar to the "revolution" that Brazil's exports experienced when China's commodities market opened a decade ago.

The Kremlin had last week approved a ban on food imports from countries that had sanctioned Russia over the Ukraine crisis. More than a third of Russia's agricultural imports came from the EU. Russia banned all imports of US food products and certain goods from the European Union, Australia, Canada and Norway.

Meanwhile, Chinese company Baorong has opened a special customs zone for Russia for direct exports of fruits and vegetables across the Russia-China border following the EU ban.