Russia increases pork exports in Q1, but still missing China's approval

Published 2021년 5월 19일

Tridge summary

Russia's pork exports have seen a significant increase, with a 30% rise in the first quarter of 2021 compared to the same period last year, totaling 48,240 tons. This surge is primarily due to a five-fold increase in deliveries to Vietnam, which accounted for half of all Russian pork exports. Ukraine was the second most popular export market. However, Russia's pork export market is not as broad as other suppliers, especially without market approval in China. Additionally, the import of pork from traditional suppliers like Brazil has significantly decreased in the first quarter of 2021.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Russia has come a step closer to its goal of becoming an important international pork exporter in the future. At least the current trading data for the first quarter suggest this. As the Danish umbrella association of the agricultural and food industry (L&F) reported, Russian pork exports from January to March 2021 rose by almost a third to 48,240 t compared to the same quarter of the previous year. Last year, international sales had already increased by 86% to a good 200,000 t, making Russia the world's seventh largest exporter of pork. In the current reporting period, however, the increase was based almost exclusively on the five-fold increase in deliveries to Vietnam, which amounted to 25,200 t. This means that a good half of all Russian pork exports went to this Asian country, a third of which consisted of meat by-products. The second most important sales market, despite the political and military tensions, was the Ukraine with 9,870 t. Market approval in China is still ...

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