A series of key meetings would be held involving European dairy industries, government bodies and the European Commission (EC), said trade body Dairy UK.
It was too early to assess the full impact of the ban, the organisation said. However, EU Member States were concerned about its indirect impact and the need to find alternative homes for dairy products destined for Russia, it added.
Weekly price updates
Member States have agreed to provide weekly price updates to the EC and to monitor closely any further developments. The EC plans to hold another management meeting next week, followed by a Special Committee meeting on agriculture on September 2 and a Special Agricultural Council meeting on September 5.
“There is no doubt that the ban will have both direct and indirect effects on the European dairy industry before the market reacts and delivers some equilibrium,” said Dairy UK ceo Judith Bryans.
“Dairy UK will continue to monitor the potential impact and work with Defra [Department for Environment Food and Rural Affairs], the European Dairy Association and other industry stakeholders to assess and help mitigate any consequences on the sector.”