Economics
Norway Salmon Farmers Sink on Russia as Brazil Meatpacker Gains
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Agriculture companies from Norway to Poland to Lithuania slumped on dimmed sales prospects after Russia’s ban on food imports from the U.S. and Europe while a Brazilian meatpacker and a Turkish chicken producer rallied.
Minerva SA, Brazil’s third-largest beef producer, climbed to a 16-month high on speculation the ban will lift sales. Banvit Bandirma Vitaminli Yem Sanayii Ticaret AS, a Turkish chicken breeder, added 4.1 percent. Marine Harvest ASA, the world’s largest salmon farmer, posted the biggest decline in almost three years in Oslo.