A Russian senator proposes a ban on meat imports

Published Oct 4, 2022

Tridge summary

Russian senator Yevgeny Savchenko has proposed the creation of an additional state reserve of canned meat and a ban on meat imports to support the industry and control market prices. The proposal aims to make good use of surplus poultry and pork production, improve full capacity work for canned product enterprises, and serve as an anti-inflationary tool. The Ministry of Agriculture is optimistic about the positive trends in meat production in 2022, exceeding the 100% self-sufficiency target. However, the National Union of Beef Producers expresses concerns over the potential negative effects of duty-free beef imports in 2023, citing a significant reduction in purchase prices and a suspension of investment plans. The lack of significant impact of zero pork duty rates in the first half of the year and the positive growth in livestock and poultry production from January to August this year, with decreases in cattle production but increases in pigs and poultry, support the government's efforts in achieving food security targets.

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

Original content

Russia should create an additional state reserve of canned meat and ban meat imports in order to support the industry and remove “surplus” raw materials from the market. This idea was voiced by the senator from the Belgorod region, ex-governor of the region, Yevgeny Savchenko during the government hour in the Federation Council. “What will it give - firstly, we will create a strategic food reserve, which is urgently needed in the current situation. Secondly, the surplus production of poultry and pork, which is about 1 million tons, will find reliable domestic sales under external restrictions,” Savchenko commented on the idea of increasing the production of canned food. “Thirdly, enterprises producing canned products will work at full capacity, and fourthly, we will create an effective anti-inflationary intervention tool for the future to regulate prices in the meat products market.” The senator also suggested recommending that the government decide on a complete ban on meat ...

Source: AgroInvestor