Russia: Self-sufficiency in turkey hatching eggs will reach 50% by the end of the year

Turkey Meat

Meat

Published Dec 19, 2023

Tridge summary

In 2021, Russia started to decrease its imports of turkey hatching eggs and is on track to reach 50% import substitution by the end of 2023, thanks to investment projects in the industry. The production volume of hatching eggs in 2023 is expected to be 26 million pieces, with a total capacity of reproducers of 44 million, and by 2025-2026, about 70% of hatching eggs will be produced in Russia. The volume of turkey meat production in Russia is expected to increase, with a need for more turkey meat by processors, creating opportunities for new investors in the turkey production industry.

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

Just seven years ago, almost all turkey in Russia was produced from imported breeding material, but starting in 2021, the volume of imports of hatching eggs began to decline, and by the end of 2023, import substitution will reach 50%, which became possible thanks to the launch of a number of investment projects in this area. Anatoly Velmatov, executive director of the National Association of Turkey Producers (NAPI), spoke about this during the Agroinvestor conference “Agroholdings of Russia - 2023”. According to him, the production volume of hatching eggs in 2023 will be about 26 million pieces, with a total production capacity of reproducers of 44 million. According to him, by 2025-2026, about 70% of hatching eggs will be produced in Russia. But turkey consumption will continue to increase, and therefore the needs will increase: according to the NAPI baseline scenario, by 2030 the need for hatching eggs will be 80 million (consumption of both meat and processed products is ...

Source: AgroInvestor