The cost of turkey in Russia is stabilizing

Published 2022년 11월 24일

Tridge summary

The price of turkey meat in Russia has stabilized and started to decline, with a predicted 5-10% decrease by the end of the year. Despite this, the head of the National Association of Turkey Producers does not anticipate a significant drop in prices due to increased production and stable demand. In the first half of 2022, turkey production in Russia increased by 19.2%, making it the leading grower for the fifth year in a row and potentially making Russia the second largest producer of turkey meat in the world by the end of the year.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The price of turkey after a long period of growth has stabilized and started to decline. The average cost of turkey meat from November 14 to 20 decreased by 0.24% to 242 rubles per kg compared to the previous week. Izvestia writes about this with reference to monitoring data from the National Association of Turkey Producers (NAPI). The publication's source among market participants predicts that by the end of the year the cost of a turkey may fall by 5-10% compared to current prices. The price of the main cuts has stabilized: thus, the cost of breast fillet has remained at the level of 316 rubles/kg for the third week, although it has been continuously rising in price since the beginning of September, the cost of thigh fillet has been 329 rubles/kg for the second week, before that, the growth was recorded from the end of July. The price of the drumstick fell by 0.99% to 143 rubles/kg, the wing — by 0.96% to 148 rubles/kg, according to the NAPI monitoring. The head of the National ...
Source: AgroInvestor

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