Pork consumption in Russia is forecast to continue to increase

Published 2023년 2월 8일

Tridge summary

In 2022, Russia's pork production is projected to reach 5.76 million tons, an increase of 275.5 thousand tons from 2021, due to domestic consumption which has increased by 242.2 thousand tons. However, red meat consumption has decreased. The price of grade 1 and 2 pork has fallen by 5.8% due to oversupply, and the government's support for the poor and reduction in the price gap between pork and poultry. The Russian pork industry plans to shift from import substitution to export strategy, with a goal to become one of the top five global pork export markets within the next 10 years. This shift will require producers to research mainstream markets, invest in freezing and storage capabilities, and phase out small producers.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Experts say the continued growth of pork production and market saturation will lead to increased competition among producers. According to Rosstat's calculations, in 2022, Russia's pork production will reach 5.76 million tons, an increase of 275.5 thousand tons compared to 2021. Domestic consumption will increase by 242.2 thousand tons of carcass and reach 4 million tons. 36 million tons. However, consumption of red meat decreased: beef decreased by 54.7 thousand tons compared to 2021 and lamb decreased by 5.7 thousand tons. The price of grade 1 and grade 2 pork in the Central District at the end of 2022 is 117.5 rubles/kg, down 5.8% compared to 2021. Previously, NSS warned about the possibility of a price reduction of at least 10% . The actual decline in prices was lower than forecast due to increased domestic consumption, limiting the downward momentum. Consumption is also increased by government support for the poor and reduction in the price gap between pork and poultry. NSS ...

Source: Vinanet