Egg production in Russia declines for the sixth month in a row

Chicken Egg

Russia

Market & Price Trends

Published Mar 27, 2024

Tridge summary

Russia's egg production has experienced a six-month decline, with a 1.8% decrease in the first two months of the year, totaling 6.11 billion eggs, primarily due to avian influenza outbreaks among other factors. Despite this, the Ministry of Agriculture assures that the current levels suffice to meet market demands, supported by measures like duty-free import quotas and long-term contracts to stabilize the market. Experts remain optimistic, suggesting that with enhanced biosecurity and investment, production could rebound by the fall. Meanwhile, egg prices have stayed stable, indicating that the demand continues to be met.

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Original content

Egg production in Russia has declined for the sixth month in a row. In January and February of this year, production volume decreased by 1.8% compared to last year, amounting to 6.11 billion pieces, Kommersant reports, citing data from the Russian Poultry Union. In physical terms, the figure decreased by 110.1 million eggs. In February of this year alone, chicken egg production decreased by 1.5% compared to last year and by 7.5% month on month. Since the beginning of September 2023, the monthly volume of egg production has remained below last year’s level, writes Kommersant, citing Rosstat data. At the same time, over the past year, average consumer prices for eggs increased 1.6 times, reaching 132.45 rubles. for ten. According to Rosstat, in February the average retail price for chicken eggs was 129.17 rubles. for ten. To stabilize the situation in the country, duty-free quotas for the import of 1.2 billion eggs were introduced in 2024. The Ministry of Agriculture also announced ...

Source: AgroInvestor