Takeover bid?
OPINION: Canterbury milk processor Synlait is showing no sign of bouncing back from its financial doldrums.
The Russian strongman's decision to invade Ukraine will have serious knock-on effects for EU farmers because much of the EU's meat and dairy industry relies on imported feed crops from Ukraine, and the bloc is also hooked on Russian gas and fertilisers.
Russia and Ukraine jointly account for more than 30% of the world's trade in wheat and barley, 17% of corn and over 50% of sunflower oil, seeds and cakes for feeding animal.
So, while the EU's sanctions will cause grief to the Kremlin, the pain will also be felt across the European farming sector.
