Russian meat is one of the most affordable on the world market

Published Dec 19, 2023

Tridge summary

Russian beef prices in half carcasses were the lowest worldwide over the 11 months of the year, averaging $4.2/kg. This makes Russian meat one of the most affordable on the world market, with the United States and European Union seeing significant price increases in comparison. Russian broiler carcasses are also competitively priced at $2/kg, cheaper than Europe and the USA, but more expensive than Brazil. Russian half-carcass pork costs $2.17/kg, making it more affordable than European and Chinese pork.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Over the 11 months of this year, prices for Russian beef in half carcasses were the lowest Russian meat is one of the most affordable on the world market, says Lyubov Savkina, general director of the information and analytical agency Imit. In her opinion, in order to assess what prospects the Russian Federation has in terms of meat exports, you need to understand the situation in the price segment. Over the 11 months of this year, prices on the world market for Russian beef in half carcasses were the lowest and averaged $4.2/kg - 9% lower than for the same period in 2022. The second place in terms of beef prices is occupied by Uruguay with $4.9/kg. “Uruguay, that is, Latin America, is the leader in the supply of beef to the world market,” the expert emphasized. Average prices for half-carcass beef in the United States are $6.2/kg, which increased by 22% compared to the same period last year. Over five years, the cost of beef in the United States has increased by almost 50%, in the ...

Source: Specagro