Russia: How to successfully raise a turkey, lessons from the 2023 price crisis

Published 2024년 1월 11일

Tridge summary

Turkey meat production is expected to increase in 2023, with minimal price increases compared to other types of meat, but with a 13-15% increase in production costs compared to the previous year. The industry is facing challenges such as a labor market crisis, increased prices for equipment and consumables, and a decrease in the turkey population due to difficult epidemiological situations. Despite these challenges, domestic turkey producers remain optimistic and are planning to increase production in the coming years, although the feasibility of these plans may be in doubt given the significant price increases for various cost components expected in 2024.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In 2023, the output of domestic turkey products is expected to increase by approximately 1% compared to last year, with no growth in poultry meat production and a decrease in chicken meat supplies. However, prices for turkey products showed the smallest increase among the entire meat group. In the second half of the previous year, prices for meat and poultry products increased sharply, but the selling price of turkey meat showed a minimal increase. According to Rosselkhozbank analysts, in October 2023, the average price of broiler chicken was 51% higher, and the cost of pork ham increased by 51% compared to October 2022. Average prices for turkey products increased by only 13.9%, which is three times less than the increase in prices for other types of meat. At the same time, turkey-breeding enterprises were operating at full capacity, and product inventories in warehouses were zero. Smaller increases in turkey prices helped curb increases in the cost of other meats. However, this ...

Source: Agroxxi