Russian Ban Sends Polish Food Producers Plunging to 5-Year Low
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Polish food producers are trading at their lowest level five years relative to earnings after Russia banned imports from the European Union, freezing $1.7 billion of the country’s exports.
The WIG-Food Index grouping 24 Warsaw-listed food-industry companies, dropped 0.9 percent to lowest since July 2009 at 11:15 a.m. in Warsaw. The gauge has lost 28 percent this year, compared with a 3.4 percent slide in the all-share WIG Index.