Meat production in Russia has grown by an average of 3.5% per year over the past ten years

Market & Price Trends
Published Apr 16, 2024

Tridge summary

Dmitry Aveltsov from the Ministry of Agriculture's Center for Agricultural Analytics reported at a conference that Russia has experienced a 3.5% annual growth in meat production over the last decade, reaching 11.9 million tons in 2023, with pork production at 4.7 million tons, equating Russia with Brazil. Globally, meat production rose by 2% to 368 million tons in 2023, despite fluctuations in pork production due to African swine fever in China. The article also notes a beneficial scenario for livestock farmers, as an oversupply in crop products has led to lower prices for wheat, corn, and soybeans, aiding in controlling production cost increases in the meat industry.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The average annual growth rate of meat production in Russia over the past 10 years was 3.5%. Dmitry Aveltsov, head of the Center for Agricultural Analytics of the Ministry of Agriculture, spoke about this at the XVIII industry business conference “Agroinvestor: PRO livestock and animal feed.” In 2023, the volume of meat production amounted to 11.9 million tons in slaughter weight, including 4.7 million tons of pork, for the production of which our country is at a parity level with Brazil, he noted. Global meat production in 2023 amounted to 368 million tons, which is 2% more than in 2022. Broilers accounted for 102.4 million tons, pork - 115.2 million tons. “Pork production is developing at a non-linear pace, which is associated with outbreaks of African swine fever in China,” Aveltsov said. After producing 112.4 million tons of this type of meat in 2018, in 2019 the figure dropped to 101.45 million tons, and a year later to 96 million tons. In 2024, according to the forecast of ...
Source: AgroInvestor
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