The problem of the meat industry in Russia can be solved by investments

Published 2022년 11월 21일

Tridge summary

The director of Russia's National Union of Beef Producers, Roman Kostyuk, identified a lack of funding as a major challenge for the country's livestock farms. He made this statement during a round table event organized by APK Expert, pointing out the significant investment in the US livestock industry and its impact on small farmers. Kostyuk distinguished between the US and Russia's approaches, highlighting the obstacles Russian farmers face in growing their livestock numbers to compete with Miratorg. He also emphasized that Russia fails to satisfy its domestic beef demand and relies on imports, needing to import at least 300,000 tons of meat annually.

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

Original content

One of the key problems of Russian livestock farms is the lack of access to money, said the director of the National Union of Beef Producers (NSPG) of Russia Roman Kostyuk on November 18 as part of the round table "Problems of beef farming in Russia", organized by APK Expert. There are about 92 million head of cattle in the United States, of which farms make up 60% of the livestock. This is a huge amount of investment that has enabled small farmers to buy 40 million head of livestock, said the director of the NPG. “The problem for Russia is that people don’t have the money to buy livestock to catch up with Miratorg, no access, no chance, nothing. Grants at best keep the livestock at minus 1.5%, otherwise it would be minus 5%. But they do not solve the problem of ...

Source: Milknews