Russian turkey and duck meat renaissance

Published 2021년 9월 15일

Tridge summary

Russian poultry company, Eurodon, had planned to expand its turkey and duck production in southern Russia, capitalizing on the potential growth in these meats' consumption. However, the company's plans fell through, leading to significant debt and bankruptcy. Despite these setbacks, the demand for unconventional meats in Russia has surged during the pandemic, with turkey meat production seeing a 20.7% increase in 2020. There is expectation for the market to continue growing, with commercial turkey growers projecting a rise in production to 600,000 tonnes by 2030. Duck and quail meat markets are also on the rise, driven by consumer interest and potential for exports, particularly to the Arab Peninsula and Asia.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In recent years, unconventional poultry meat production in Russia has been on a roller coaster. Major turkey producer, Eurodon, rolled out plans in 2017 to invest 78 billion rubles (US$ 1.3 billion) to expand production capacity in Rostov Oblast in southern Russia. Meanwhile, Eurodon’s subsidiary, Donstar, upped duck production. As Vadim Vaneev, general manager of Eurodon explains, both segments of the Russian poultry market looked extremely promising, as Russian turkey and duck consumption per capita was far below the level that it had been in the past. Vaneev recalled that in Soviet times virtually every household had an utyatnitsa – a traditional pan specially designed for roasting duck. Eurodon hoped that it could revive the state-owned collective farms that were destroyed or decommissioned in the 1990s and believed that if production was there, demand would follow. However, those hopes failed to materialise. Both Evrodon and Donstar accumulated huge debt over the years and ...
Source: Poultryworld

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