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Foot and Mouth Crisis Tests EU Agri-Trade Resilience
By: Gustian Farrow, Head of StoneX TV • Content Channels
Foot and Mouth Crisis Tests EU Agri-Trade Resilience
John Lancaster, Head of EMEA Dairy & Food Consulting at StoneX, joins to break down the recent foot and mouth disease outbreaks and their impact on trade and agriculture across Europe.
Key Takeaways
- Hungary and Slovakia have nearly contained FMD outbreaks, prompting EU-wide trade restrictions
- UK imposed strict controls, including bans on personal cheese imports
- Modern testing and surveillance offer improved containment versus past outbreaks
Timeline and Scale of the Outbreak
The interview begins with a timeline of the FMD outbreaks. Germany reported the first case in January involving 14 water buffaloes, followed by outbreaks in Hungary and Slovakia. “That outbreak is totally unrelated to the outbreak in Hungary and in Slovakia”, Lancaster explains, citing genetic differentiation in virus strains.
Hungary conducted nearly 250,000 tests on domestic and wild animals using PCR and enzyme testing, technology that has evolved significantly since the UK’s major outbreak in 2001.
Trade Restrictions and Economic Impact
Lancaster underscores the economic ramifications: “It has no impact on humans… but from an economic point of view, it's incredibly detrimental to agriculture”. Raw milk exports were banned, while pasteurized products faced fewer restrictions. Intra-EU trade was affected primarily around raw and minimally processed dairy.
UK’s Defensive Measures
Reacting swiftly to Hungary’s outbreak, the UK imposed restrictions on meat and dairy imports and curtailed personal imports of cheese from the continent. “Somebody visiting France and wanting to bring back a carload worth of cheese, that's effectively restricted”.
These steps are framed against the £8 billion economic toll of the 2001 UK outbreak, traced back to illegal meat imports and failures in pasteurization.
Path to Recovery and Certification
Both Hungary and Slovakia are close to achieving FMD-free status again, pending three months without new cases. “Once they're free for more than three months, they can then apply… for their free status to be reapplied”. This will lift remaining import restrictions and restore confidence among international buyers.
Register for the StoneX Global Dairy Market Outlook Webinar
Join Nate Donnay, Director of Dairy Market Insight at StoneX, and John Lancaster, StoneX Head of EMEA Dairy & Food Consulting for an in-depth analysis of global dairy market trends. Gain insights into supply-demand dynamics, pricing forecasts, and regional developments across key markets. This webinar is essential for dairy professionals seeking to navigate market volatility and make informed strategic decisions.
Register Now See our financial videos hub
---- Written by Gus Farrow
---- Expert: John Lancaster, StoneX John Lancaster, Head of EMEA Dairy & Food Consulting
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CME Cash Market Summary
Daily CME spot dairy market price summary
Dairy Team - Chicago
- Dairy
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