The Ministry of Agriculture does not plan to extend the quota for duty-free import of chicken meat

Published Sep 19, 2024

Tridge summary

The Russian Ministry of Agriculture has indicated that there are no plans to extend the duty-free import quota for chicken meat beyond 2024. This policy, introduced at the end of 2023, has helped stabilize poultry meat prices, leading to a 3.7% decrease in the cost of chilled and frozen chicken since then. The government imported 140 thousand tons of chicken duty-free in 2024, with 44.73 thousand tons delivered in the first two months. However, Konstantin Korneev of Rincon Management points out that this policy primarily affected the processing segment and Russian poultry farmers, who supply to various channels. Despite this, Russian producers mostly focus on producing chilled products, which are popular across sales channels.

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Original content

The extension of the quota for duty-free import of chicken meat to Russia for 2025 is not currently being considered, since the situation in the industry is stable, TASS writes with reference to the press service of the Ministry of Agriculture. The agricultural agency also noted that it constantly monitors prices for socially significant products, including meat products. The current exemption for the import of poultry meat with zero duty was adopted at the end of 2023 to stabilize prices, the ministry recalls. “During the period of the measure, a decrease in retail prices for poultry meat has been noted - thus, according to Rosstat, since the end of 2023, the cost of chilled and frozen chicken has decreased by 3.7%,” the Ministry of Agriculture cites data. At the end of last year, the government decided to import 140 thousand tons of chicken meat duty-free in 2024; before that, the import duty was 15% of the cost of the product. As a result, 44.73 thousand tons of chicken were ...

Source: AgroInvestor