Russian pig farmers reach record exports in 2023 and await China's opening

Published Jan 16, 2024

Tridge summary

Russian pork and pork by-product exports reached record levels in 2023, with a total volume of 255 thousand tons, representing a 66% increase from the previous year. The largest increase in purchases of Russian pork occurred from Vietnam, where the volume of supplies exceeded 86 thousand tons, an increase of 89% from 2022. The National Union of Pig Producers forecasts that exports of pig products in 2024 could range from 250 to 300 thousand tons, with particular attention paid to potential supplies to China.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Last year, exports of pork and pork by-products from Russia reached record levels. The total export volume was 255 thousand tons, which is 66% more than the previous year. In value terms, exports increased by 55%. The largest increase in purchases of Russian pork occurred from Vietnam. The volume of supplies to this Asian country exceeded 86 thousand tons, which is 89% more than in 2022. Export revenue also increased by 88%. Frozen pig meat accounted for approximately 54% of the physical volume of supplies, and offal – 46%. Belarus is another key buyer of Russian pork. During the period from January to November, the volume of supplies to this country increased by 15%, reaching 83 thousand tons in physical terms and by 4% in monetary terms. Fresh and chilled pork took up the bulk (59%) of supplies, frozen pig meat – 25%, and offal – 16%. The list of top 5 importers of Russian pork also includes Serbia (9.6 thousand tons, an increase of 2.7 times), Mongolia (9.2 thousand tons, +38%) ...
Source: Agroxxi

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