Tridge summary
Russia's poultry exports are projected to grow by 45 percent to over 300,000 tons by the end of 2020, according to the Center for Industrial Expertise of the Russian Agricultural Bank. This growth is dependent on supplies to markets in China, Ukraine, Kazakhstan, and Saudi Arabia. China's demand for chicken feet and wings accounts for over 50 percent and 5 percent of Russia's poultry exports to China, respectively. Kazakhstan and Ukraine are traditional markets, absorbing 15 percent and 13 percent of exports, respectively. The Industrial Expertise Center of the Russian Agricultural Bank, a key bank for Russian poultry exporters, attributes this increase in exports to the maturity of the domestic market and the high efficiency and competitiveness of producers. For the eight months of 2020, poultry exports generated approximately 47.4 billion rubles, marking a 6 percent increase from the previous year.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Russia's poultry exports could increase by 45 percent from 210,000 tons in 2019 to over 300,000 tons by the end of 2020. This forecast was made available by the Center for Industrial Expertise of the Russian Agricultural Bank. The favorable development of events will depend on the dynamics of supplies to the markets of China, Ukraine, Kazakhstan and Saudi Arabia. - commented Andrey Dalnov, head of the Center for Industrial Expertise of the Russian Agricultural Bank. Poultry exports to China are in high demand for chicken feet: this category of by-products accounts for more than 50 percent of Russia's poultry exports to China. For example, the Russians are not ready to buy this by-product in significant quantities, and before the expansion of exports to China, Vietnam and Hong Kong, where chicken paws are considered a healthy delicacy, most of this type of product was processed into meat and bone meal. Wings are another popular item in shipping to China. - says Andrey Dalnov. ...
Source: SwiatRolnika
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