Beef export in Russia grows by more than 200%

Published 2021년 5월 31일

Tridge summary

Russia's beef exports are projected to grow by 223% in the first half of the year, with China being the main buyer, as the country recovers from African swine fever. Pork exports are expected to grow by 16%, while poultry and mutton exports are expected to decrease. The Russian Ministry of Agriculture is focusing on satisfying domestic needs, but is also compensating manufacturers for part of the costs of certifying products for foreign delivery. The Ministry predicts that meat exports will exceed $100 million by the end of 2021, largely due to increased supplies to China, Saudi Arabia, Uzbekistan, and Morocco.

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Original content

According to the results of the first half of the year, beef exports from the Russian Federation may grow by 223%, to 21.26 thousand tons, the National Union of Pig Breeders (NSS) predicts. According to the Ministry of Agriculture, from January 1 to May 23, 2021, 16.8 thousand tons of beef were sent abroad for $ 55.2 million, which is 5.6 times more in physical and 4.2 times in monetary terms than for the same period 2020. The main buyer (60%) is China, says Veronika Nikishina, head of the Russian Export Center. The head of the National Meat Association, Sergei Yushin, notes that high export growth rates are primarily due to the low base effect, but Russian beef is indeed in demand and competitive in price, primarily in China. According to him, after outbreaks of African swine fever (ASF) in China in 2019–2020, pork in the country has risen in price and a change in preferences towards beef has begun. Konstantin Polevoy, commercial director of Zarechnoye Group of Companies ...

Source: Agrovesti