Russia: Demand for meat in the first month of the barbecue season exceeded industry expectations

Published 2023년 6월 10일

Tridge summary

The article highlights a rise in meat and poultry prices in Russia, attributed to the barbecue season and a decrease in wholesale prices, with chicken seeing the highest increase. Despite the higher pork production, prices have risen due to demand and a decrease in technological equipment for poultry farmers. Pork exports have also increased, offering producers more trading options. Meanwhile, turkey meat demand is outpacing supply due to its dietary benefits and wider availability, thanks to retail chains. The article also notes that the increase in meat prices could be indicative of a rebalancing of consumer spending.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The beginning of the barbecue season and the growth in demand for meat led to some increase in prices for it. In the week from May 30 to June 5, retail prices for chicken meat increased by an average of 2.4%, follows from Rosstat data. During this period, pork fell in price by 0.2%, the price of beef remained almost unchanged, mutton rose in price by 1.4%. In May, the average price for meat and poultry increased by 1.7% compared to April, including chickens became more expensive by 5.4%. Earlier, the increase in wholesale prices began. Pork began to rise in price after broiler meat, prices for which have been strengthening over the past month. The beginning of the barbecue season, which took place at the end of April - beginning of May, this year fully met the expectations of sellers and producers, and even seems to have surpassed them, since sometimes there was not enough marinated meat on store shelves, Albert Davleev, president of Agrifood Strategies, shares his observations. ...
Source: AgroInvestor

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