Russia: In 2023, turkey meat production increased by 1%

Published 2024년 1월 11일

Tridge summary

Turkey meat production in Russia increased by about 1% in 2023, reaching 418 thousand tons, with prices for turkey meat rising by 13.9% and broiler chicken and pork ham increasing by 51%. The industry has faced challenges including increased production costs and prices for equipment and consumables, leading to a 28% increase in salaries for turkey farming executives and difficulty accessing commercial loans. However, demand for turkey is growing, and new turkey breeding projects are being developed in various regions of Russia, with industry leader Damate Group of Companies planning to expand production. Despite potential challenges, the sustainability and growth of the Russian turkey farming industry in the future will depend on government support and the implementation of a comprehensive National Project to support the industry.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to preliminary calculations, in 2023 the volume of turkey meat production increased by about 1% compared to 2022, reaching about 418 thousand tons, the National Association of Turkey Producers (NAPI) reported. They noted that, despite the rise in prices for meat and poultry products in the second half of last year, the selling price of turkey meat almost did not increase. Thus, in October 2023, the price of broiler chicken from producers increased by 51% compared to the same month in 2022 (143 rubles/kg and 215 rubles/kg, respectively). Also, the price of pork ham increased by 51% - from 226 rubles/kg to 342 rubles/kg. At the same time, prices for turkey products rose by 13.9% - from 270 rubles/kg in 2022 to 307 rubles/kg in 2023. At the same time, turkey-breeding enterprises were operating at full capacity, and producers' inventories were almost zero. Low prices for turkey have helped keep the cost of other types of meat, such as beef, pork and lamb, from rising, NAPI ...
Source: AgroInvestor

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