The economist estimates the rise in meat prices in Russia in 2024

Meat

Russia

Market & Price Trends

Published Mar 21, 2024

Tridge summary

According to Vyacheslav Cheglov, an economist at the Plekhanov Russian University of Economics, meat prices in Russia could rise by 5-10% by the end of the year. This increase is expected to be influenced by factors such as the ruble exchange rate, feed costs, logistics, equipment maintenance, and high loan costs. Chicken meat is most likely to see a price increase due to potential production decreases. Despite these potential price hikes, Cheglov does not anticipate a decrease in Russian demand for meat and meat products.

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

By the end of this year, meat prices in Russia may rise by five to ten percent. As Gazeta.Ru writes, this forecast was voiced by Vyacheslav Cheglov, Doctor of Economics, Professor of the Basic Department of Trade Policy at the Plekhanov Russian University of Economics. The economist clarified that such a price increase is conditional on a stable socio-economic situation. The main role in their increase, according to him, will be played by the ruble exchange rate, the increase in the cost of feed and additional costs for logistics, maintenance of equipment from manufacturers, as well as the allocation and provision of expensive loans. According to Rosstat, which the newspaper also cites, the most expensive meat was lamb (678.61 rubles per kilogram), beef costs 536.74 per kilo, turkey costs from 390 to 450, and chicken meat costs only 218.95. Read also Importers were allowed to import almost 5.8 thousand tons of chicken meat into the Russian Federation Cheglov ...

Source: Rosng