Russia: How to successfully raise a turkey, lessons from the 2023 price crisis

In 2023, the output of domestic turkey products is expected to increase by approximately 1% compared to last year, with no growth in poultry meat production and a decrease in chicken meat supplies. However, prices for turkey products showed the smallest increase among the entire meat group. In the second half of the previous year, prices for meat and poultry products increased sharply, but the selling price of turkey meat showed a minimal increase. According to Rosselkhozbank analysts, in October 2023, the average price of broiler chicken was 51% higher, and the cost of pork ham increased by 51% compared to October 2022. Average prices for turkey products increased by only 13.9%, which is three times less than the increase in prices for other types of meat. At the same time, turkey-breeding enterprises were operating at full capacity, and product inventories in warehouses were zero. Smaller increases in turkey prices helped curb increases in the cost of other meats. However, this ...