Why sausage in Russia is at risk of rising in price

Published 2024년 11월 26일

Tridge summary

The Eurasian Economic Commission (EEC) is contemplating the introduction of a duty-free quota for the import of up to 130 thousand tons of frozen beef, a measure that is under discussion at the upcoming EEC Council meeting on November 29, 2024. This comes as a response to the high prices of beef and the slowdown in domestic production. The Ministry of Economic Development is also open to similar measures for poultry and pork, if supported by businesses or the Ministry of Agriculture. Meanwhile, the National Union of Meat Processors (NSM) and the National Union of Beef Producers have expressed support for the proposal, citing the need for raw materials for processing and the challenges of increasing domestic production. However, the National Union of Pig Breeders argues against duty-free pork imports, citing stable consumer prices and the need to balance supply and demand. The article also highlights the impact of African swine fever and the need for financial sustainability in the agro-industrial complex and processing industry.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The issue of introducing a duty-free quota on the import of frozen beef (in the amount of no more than 130 thousand tons) is already being discussed at the Eurasian Economic Commission (EEC) - it is planned to consider it at the next meeting of the EEC Council on November 29, 2024. The Ministry of Economic Development is ready to consider the same measures regarding poultry and pork at the subcommittee on customs-tariff and non-tariff regulation if businesses or the Ministry of Agriculture provide supporting materials. This is stated in a letter from the Ministry of Economic Development to the National Union of Meat Processors (NSM, RG has a copy). "Possible customs-tariff regulation measures will be worked out in accordance with the established procedure," the Ministry of Agriculture told RG. This year, zero duties are in effect for the import of 100 thousand tons of beef that are used for processing. But despite this, prices for first- and premium-grade beef have reached a ...
Source: RG

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