News

Russia has decided to ban the export of chicken meat and eggs

Frozen Whole Chicken
Meat
Russia
Regulation & Compliances
Chicken Egg
Dairy
Market & Price Trends
Published Nov 15, 2023

Tridge summary

The Russian government has implemented a ban on poultry and egg exports in order to address the increasing prices of chicken meat in the country. The Ministry of Agriculture stated that the price increases were primarily due to a drop in production and an increase in production costs. Russian President Vladimir Putin suggested importing poultry from neighboring countries to control the price situation, but the devaluation of the Russian currency has not led to an increase in poultry exports.
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

The measure was implemented shortly after a government meeting in which Russian President Vladimir Putin questioned the economic logic behind the 27% increase in chicken meat prices in the country in recent months. In an explanatory note to the decision, the Ministry stated that the price increases were mainly associated with a drop in production performance in recent months and an increase in production costs in the context of the weak Russian ruble exchange rate. Independent Russian analysts attributed the price turbulence in the poultry market mainly to a series of bird flu outbreaks recorded in the country this year. “The current situation contributes to the excessive attractiveness of the export of these products [poultry and eggs] compared to supply to the domestic market, which creates a threat to Russia's food security,” the Ministry stated. During the meeting, Putin suggested that the Russian government should intervene to control the price situation, including through ...
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