Russia has become a net exporter of meat in monetary terms

Market & Price Trends
Published Feb 26, 2024

Tridge summary

For the first time, Russia has become a net exporter of meat products, with exports surpassing imports by $1.8 billion, primarily due to pork, poultry, and meat by-products. However, a slight lag in exports and imports could risk Russia's net exporter status, indicating a need for import substitution and state stimulation. Despite overproduction causing a drop in domestic pork prices, Russian pork remains highly competitive on the international market.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Over the past year, Russia has become a net exporter (a country whose exports of certain goods exceed imports - ROSNG) of meat products in monetary terms. As Interfax reports, this was stated by the General Director of the Institute for Agricultural Market Studies (IKAR) Dmitry Rylko. The figure was $1.8 billion. At the same time, it includes prepared meat products, but does not include live cattle. Imports turned out to be very close to this figure - 1.75 billion. The expert noted that such an excess occurred for the first time in the history of observations. The main role, according to Rylko, was played by the supply of pork, poultry and meat by-products. The news agency also recalled that back in 2021 our country received a similar status in kind. As reported by the head of Rosselkhoznadzor, Sergei Dankvert, citing customs data, the figures were 650 thousand and 570 thousand tons, respectively. However, we note that such a slight lag in exports and imports means the risk of our ...
Source: Rosng
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