The meat association noted an active decline in wholesale prices for meat in the Russian Federation

Published Jan 12, 2024

Tridge summary

Wholesale meat prices in Russia, particularly for pork and broiler meat, are actively declining according to the National Meat Association. Prices for commercial pigs have fallen by 25% over the past two months, and wholesale prices for pork and broiler meat are only 7-14% higher compared to the beginning of 2023. Head of the National Meat Association, Sergei Yushin, proposed measures to smooth out sharp price changes, including maintaining good profitability in the industry, improving relations between manufacturers and retail chains, and using the practice of long-term contracts more widely.

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Original content

Moscow. January 12. INTERFAX.RU - Wholesale prices for meat in Russia, primarily for pork and broiler meat, are actively declining, as follows from the monitoring of the National Meat Association (NMA). “As industry experts predicted, after the rise in prices for the main types of meat during the high demand season, which, admittedly, was somewhat delayed, but ended anyway, prices for pork and broiler producers are actively declining. Thus, according to our data, confirmed by the National Union of Pig Producers, Over the past two months, average prices for commercial pigs have fallen by 25% - from 155 to 116 rubles per kilogram. As a result, compared to the beginning of 2023, the wholesale price has increased by only 7%," head of NMA Sergei Yushin told Interfax. At the same time, he recalled that in January 2021 the price for commercial pigs was approximately the same - from 110 to 115 rubles per kg. “Carbonate and brisket have fallen in price from producers by the same 25% since ...

Source: Interfax