Russian meat prices are projected to increase by 5-10% by the end of 2024, according to Vyacheslav Cheglov, a professor at the Russian Economic University. This is due to factors such as the ruble exchange rate, increasing costs of feed and equipment maintenance, expensive loan servicing, and logistics. Chicken meat is most likely to see price increases due to anticipated production volume reductions. Pork prices may vary based on export volumes, while high turkey meat prices are currently impacting sales.
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Original content
Meat prices in Russia will increase by 5-10% by the end of 2024 if the socio-economic situation is stable. This forecast was given to Gazeta.Ru by Doctor of Economics, Professor of the Basic Department of Trade Policy at the Russian Economic University. G. V. Plekhanov Vyacheslav Cheglov. According to him, the ruble exchange rate, the increase in the cost of feed and maintenance of manufacturers’ equipment, as well as the increase in the cost of servicing expensive loans and logistics will contribute to the increase in meat prices. “The most risky product in terms of price increases is chicken meat, where a slight reduction in production volumes is expected. Next, I would put pork meat - here prices may ...
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