Russia ended an 18-year ban on British beef and lamb by brokering a trade deal worth up to $156.3 mill. over three years, the Department of Environment, Food & Rural Affairs (DEFRA) reported.
Russia imposed the ban following an outbreak of bovine spongiform encephalopathy in the mid-90's.
The trade agreement includes a $11.2 mill. contract for lamb meat, and it paves the way for an additional $3.2 mill. contract for beef offal, according to DEFRA. ABP Dorset of ABP will supply lamb to a Russian distributor. ABP Dorset is a subsidiary of ABP Food Group, a privately owned food processor.
Food and beverage exports from the United Kingdom to Russian have grown by more than 220% since 2000, according to DEFRA, with a current value of more than $194 mill.
Source: The Department of Environment, Food & Rural Affairs (DEFRA)