Turkey meat production in Russia shows record growth rates

Published Feb 11, 2021

Tridge summary

In 2020, Russia experienced a 20% surge in turkey meat production, with both consumption and exports reaching record highs, as per research by Agrifood Strategies. This growth was observed across the industry, with major companies like the Damate Group and Cherkizovo Group playing a significant role. The depreciation of the domestic currency led to a 30% increase in the cost of imported turkey meat, favoring local production. Russia became China's third-largest supplier of turkey meat, with a market share of over 8 percent, and also increased exports to Africa and the CIS markets. The opening of new logistic routes to Asia further reduced delivery times, making Russian turkey meat more competitive internationally.

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

Original content

After a temporary slowdown in growth in 2019, turkey production in Russia showed a record 20% increase in 2020. This has been demonstrated by research conducted among Russian manufacturers. Research by the Russian advisory agency Agrifood Strategies has shown that not only turkey meat production, but also exports and consumption, are growing against the backdrop of a continued decline in imports, even despite the difficult economic situation and the constraints associated with the coronavirus pandemic. - estimate Agrifood Strategies. Large industry leaders were responsible for most of the growth, but the positive dynamics was visible in all areas. In 2020, the Damate Group was the largest turkey company in Russia, with a production volume of 151,200 tons of turkey meat. The company was able to significantly increase production through further vertical integration and the lease and renovation of the former Evrodon plant - the Ursdon breeding complex with a capacity of 9 million ...

Source: SwiatRolnika