Beef production in Russia is expected to decline in the coming years

Published 2022년 5월 19일

Tridge summary

The Russian Federation is expected to see a decline in beef production due to high production costs and a shift towards cheaper pork and chicken meat. High-quality beef will continue to be exported, with only a few producers able to do so. The National Union of Beef Producers does not see any investment prospects for beef cattle breeding. In 2021, Russia produced 1.66 million tons of beef, with imports accounting for 310 thousand tons and exports for 20 thousand tons. The total number of cattle in Russia decreased from 18.621 thousand heads in 2015 to 17.67 thousand in 2021. The Russian Federation mainly imports beef from Uruguay, Brazil, and Paraguay.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Beef production in the Russian Federation will decline in the coming years, its domestic consumption will be replaced by cheaper pork and chicken meat, high-quality beef will continue to be exported, so business does not see any prospects for investing in beef cattle breeding, says Roman Kostyuk, General Director of the National Union of Beef Producers. "In the near future, the reduction in beef production (in the Russian Federation - ed.) will have a strong trend, the reduction in high-quality beef is due to the fact that it is exported, since only two producers are able to produce and export it," Kostyuk said. during the conference "Livestock and feed production in the new reality". He also drew attention to the high cost of beef production and the insufficient number of large producers: in the Russian Federation there are 195 industrial enterprises engaged in beef cattle breeding, while half of the beef cattle breeding population in the country is scattered among farmers. ...
Source: Milknews

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