RUB 44 billion can be invested in turkey farming projects in the Russian Federation

Published 2024년 6월 3일

Tridge summary

The Russian turkey industry is set for substantial growth with projected investments of RUB 44 billion aimed at boosting turkey meat production by 110 thousand tons and hatching eggs by 6 million pieces. Key growth areas include advancements in selection, genetics, storage infrastructure, veterinary pharmaceuticals, and technological equipment. Russia, now the second-largest turkey producer globally, has seen production rise from 22 thousand tons in 2006 to 422 thousand tons in 2023, with expectations to reach 700 thousand tons by 2030. Turkey consumption has increased 5.3 times since 2012, and exports have grown significantly, positioning Russia as a major supplier to China, Saudi Arabia, and the UAE, with further opportunities in Africa and the Middle East.

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Original content

This would make it possible to increase the production of turkey meat by 110 thousand tons and hatching eggs by 6 million pieces. The Center for Industry Expertise of Rosselkhozbank estimates investment opportunities in turkey farming projects at RUB 44 billion. Their implementation could increase the production of turkey meat by 110 thousand tons, hatching eggs by 6 million pieces, the head of the center Oleg Knyazkov told Agroinvestor. He named the growth points of the industry as work on selection and genetics, creation of storage infrastructure, including freezing of products, development of veterinary pharmaceuticals, reengineering of technological equipment for poultry keeping and meat processing. “The Russian turkey industry demonstrates sustainable production, meeting growing consumer demand and expanding export supplies. Over the past two years, our producers have made a powerful breakthrough and brought our country to second place in the world in terms of turkey ...

Source: Specagro