The Russian pork market is oversaturated, but this helps to keep prices and increase consumption

Published 2022년 12월 1일

Tridge summary

The National Union of Pig Breeders predicts that the Russian pork market will remain oversaturated until 2025, leading to stable product prices and increased pork consumption. In 2022, pork production in Russia is expected to grow by 8% to 350 thousand tons, despite the market saturation and lack of competition due to the absence of imports. This growth in production, coupled with a record high volume of pork consumption in Russia, which has increased by almost 8% in the first nine months of 2022, is facilitated by the decrease in the price difference between pork and poultry meat.

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Original content

The National Union of Pig Breeders assesses the Russian pork market as oversaturated and believes that this phenomenon will continue until 2025. However, this helps to keep the rise in prices for products at the level of inflation and increase the consumption of pork. This point of view during the conference "Agrotrends of Russia - 2022-2023" was expressed by the Director General of the Union Yury Kovalev. “Those loans taken by enterprises provide us with growth in production until 2024 inclusive. And only starting from 2025, this investment fuse will subside. relevant," he said. According to him, the increase in pork production in Russia in 2022 was 6-10% monthly. "In general, for the year, we believe that the increase will be at least 8% in industrial production, or almost 350 thousand tons. And this is for a self-sufficient market," he stressed. According to Kovalev's presentation, in January-October, the increase in production amounted to 7.8% (313 thousand tons). At the same ...

Source: Kvedomosti