The EEC Council approved the duty-free import of 100,000 tons of beef to Russia

Published 2023년 2월 6일

Tridge summary

The Eurasian Economic Commission (EEC) has approved duty-free imports of up to 100 thousand tons of beef for Russia in 2023 for the production of meat products. The quota is distributed among member countries: Armenia (10 thousand tons), Belarus (7.5 thousand tons), Kazakhstan (5 thousand tons), and Kyrgyzstan (2.5 thousand tons. The decision aims to provide meat producers with affordable raw materials and stabilize consumer prices. Despite import quotas for 200,000 tons of beef and 100,000 tons of pork in 2022, retail prices for beef and sausages increased by 16% and 7.7-9.2%, respectively.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Council of the Eurasian Economic Commission (EEC) agreed on the duty-free import to Russia in 2023 of up to 100 thousand tons of beef for the production of meat products. Armenia will be able to import duty-free up to 10 thousand tons of this meat, Belarus - up to 7.5 thousand tons, Kazakhstan - up to 5 thousand tons, Kyrgyzstan - up to 2.5 thousand tons, according to the EEC website. The main volume of meat imports from third countries falls on frozen products, which are intended for the production of canned meat and sausages. The approved measure, first of all, is aimed at providing meat producers with affordable raw materials and stabilizing consumer prices for it, the report says. Last year, up to 200,000 tons of beef and 100,000 tons of pork could be imported into Russia at a zero rate. According to the National Union of Pig Breeders, in general, the supply of these types of meat amounted to 289.5 thousand tons and about 18 thousand tons, respectively. The normal import ...
Source: AgroInvestor

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.