News

The Russian Federation is considering the issue of zeroing out import duties on a number of types of chicken and eggs

Frozen Whole Chicken
Chicken Egg
Russia
Regulation & Compliances
Market & Price Trends
Published Dec 7, 2023

Tridge summary

The Russian Ministry of Agriculture is considering the possibility of eliminating import duties on certain types of chicken and chicken eggs in order to meet domestic demand and stabilize prices. Production of poultry meat and eggs has increased over the past 10 months, but prices have also risen due to high demand. The Ministry is implementing measures to support producers and increase supply in the domestic market, including expanding preferential investment loans and working on long-term supply contracts with producers and retail chains.
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

The positive dynamics will continue, the Ministry of Agriculture predicts. “At the same time, in the context of a significant increase in demand, prices for poultry products increased in 2023. To stabilize the situation, a set of measures is being implemented to support producers and increase supply in the domestic market,” the message says. The Ministry of Agriculture recalled that we are talking about the fact that a plan has been agreed upon with the main producers for an additional increase in volumes, since December 1, the targeted use of preferential investment loans for broiler production has been expanded, joint work is underway with the Ministry of Industry and Trade to transfer producers and retail chains to long-term supply contracts, FAS conducts inspections of chicken and egg producers. It is noted that at present prices for chicken meat have stabilized and over the last week, according to Rosstat, showed a slight decrease. As reported, from November 28 to December 4, ...
Source: Interfax
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