Pork production will continue to grow this year in Russia

In the coming year, the National Union of Pig Breeders (NSS) expects an increase in pork production by at least 5%. This will guarantee stagnation, and, possibly, a further decline in prices for this type of meat, Yury Kovalev, general director of the NSS, told Agroinvestor. “But we really hope that the price environment for grains and meals that developed last year will continue in 2023,” he adds. According to Kovalev, last year the main event for pig production was the decline in grain prices in the second half of the year — due to the huge harvest, reduced exports and a stable ruble, it fell by a third compared to the first half of 2022. “This stopped the growth in the cost of pork production, which was observed in the first half of 2022, and made it possible to maintain the profitability of the pig industry against the backdrop of a decrease in wholesale prices for pork,” the head of the union notes. According to him, it was the increase in production costs in the first half ...