News

Turkey production in the Russian Federation in 2024 may increase by 5% - NAPI

Turkey Meat
Meat
Russia
Market & Price Trends
Published Apr 18, 2024

Tridge summary

Russia is on track to solidify its position as one of the top three turkey meat producers globally, with an anticipated 5% increase in production, reaching up to 440 thousand tons by the end of 2024, as stated by Anatoly Velmatov of the National Association of Turkey Producers. This growth is fueled by previous investments and a rising domestic consumption, expected to grow by 5 kg per capita by 2030, influenced by higher incomes and the adaptability of turkey meat to various diets, including halal and kosher. Exports are projected to rise by 15-20% this year. However, to maintain this growth, the industry is seeking additional investments through preferential loans totaling 7-8 billion rubles. Moreover, Russia is working towards reducing its reliance on imported hatching eggs, targeting 70% self-sufficiency this year.
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

Russia will remain in the top 3 global producers Turkey production in Russia may increase by 5% this year. This forecast was voiced by the executive director of the National Association of Turkey Producers (NAPI) Anatoly Velmatov during the XVIII industry business conference “Agroinvestor: PRO livestock and feed”. He recalled that last year turkey production reached 422 thousand tons; by the end of 2024 it could reach 440 thousand tons. “This growth will be ensured due to investments already made,” the expert explained. Based on the results of this year, Russia will remain in the top 3 global producers of turkey meat, NAPI expects. Last year, our country was in second place, Velmatov recalled. The top 3 turkey meat producers in Russia account for more than 70% of the market. “At the same time, when last year there was high volatility in prices for chicken and pork, they remained stable for turkey - but not due to the fact that our demand decreased or production costs did not ...
Source: Specagro
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