Chicken eggs in Russia become cheaper for the second week in a row

Published 2024년 1월 24일

Tridge summary

Chicken egg prices in Russia have been decreasing for two weeks straight after a significant increase due to high consumer demand, exchange rate fluctuations, and increased costs of foreign equipment and raw materials. The government's measures, such as eliminating import duties and increasing supplies from friendly countries, have helped reduce prices. However, despite financial aid to poultry farms, prices are unlikely to return to their original levels due to high production costs. Still, Russia's egg prices remain among the lowest globally, only surpassed by Sri Lanka and Cameroon.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Retail prices for chicken eggs in Russia are falling for the second week in a row after a boom in previous months. This is evidenced by the materials of the Federal State Statistics Service published on Wednesday, January 24. According to the department, if from January 1 to January 9 the average cost of a product on Russian shelves increased by 0.78%, then from the 10th to the 15th the figure decreased by 0.2%, and from the 16th to the 22nd e - by 1.41%. For comparison: in November - December 2023, the price of goods increased weekly by more than 4%. As previously reported by the Ministry of Agriculture, over the past few weeks, chicken egg producers have begun to reduce prices for their products. This, in turn, began to have a positive effect on price tags in stores. “As expected, the dynamics of the cost of eggs in the wholesale segment is also reflected in retail, which is confirmed by Rosstat data. According to estimates, this trend will continue in the near future,” TASS ...

Source: Russianrt