Russia: The decline in prices for eggs in March accelerated to 2.3%, for chicken, slowed down to 0.2%

Published 2024년 4월 10일

Tridge summary

In March, Russia saw a decrease in consumer prices for eggs by 2.3% and for chicken meat by 0.2% compared to February, according to Rosstat. This trend indicates an acceleration in the decline of egg prices and a deceleration in the decline of chicken prices from the previous month. Since the start of the year, egg prices have fallen by 4.7% and chicken prices by 3.8%, despite a year-on-year increase of 45.3% for eggs and 27.8% for chicken meat. To address last year's significant price hikes, the Russian government has removed duties on egg imports, allowing for up to 1.2 billion eggs to be imported, mainly from Türkiye, Azerbaijan, and Belarus. Furthermore, a quota for duty-free import of 140 thousand tons of poultry meat has been set for 2024, with 7.6 thousand tons already permitted.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Moscow. April 10th. INTERFAX.RU - Consumer prices for eggs in March decreased by 2.3% compared to February, chicken meat became cheaper by 0.2%, Rosstat reported on Wednesday. Compared to February, when eggs fell in price by 0.6%, the rate of decline in egg prices accelerated. The decline in prices for chicken slowed down; in February it fell by 1.2%. According to Rosstat, since the beginning of the year, prices for eggs have decreased by 4.7%, for chicken - by 3.8%. At the same time, in annual terms, eggs in March were more expensive by 45.3%, chicken meat by 27.8%. As reported, due to the high rise in prices for these products last year, the government took a number of measures to stabilize the situation. Thus, for the first half of this year, the duty on the import of eggs was canceled, which will allow the import of up to 1.2 billion eggs. In particular, Türkiye and Azerbaijan are actively involved in supplies, and Belarus is also increasing exports. According to ...
Source: Interfax

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