Fruit and vegetable company Total Produce (TOT) has seen its share price wobble amid concerns over a Russian ban on food imports from the EU and the US.
The company grows, packages and distributes fresh produce - fruits, vegetables and flowers - across Europe and North America and sources and imports produce from all over the world. Thankfully, however, its sales to Russia are negligible and it has no operations in the country. The bigger worry for Total Produce - and other similar companies with large European operations - is that the move could depress prices more generally.
Specifically, fruit was the biggest food category export to Russia from the EU last year and the ban could flood the European market with produce that otherwise might have gone to Russia - pushing prices down. Farming lobby groups have called on the EU to step in and snap-up surplus goods to protect growers, but it's unclear whether that will happen.
