What will happen to meat prices in Russia next year
Meat
Russia
Published Nov 14, 2022
Tridge summary
Meat in Russia is produced more than we can eat. And a further increase in production may even lead to lower prices, says the head of the executive committee of the National Meat Association, Sergei Yushin. Moreover, feed is now inexpensive: due to the huge grain harvest, its prices have decreased. However, not all experts agree with this point of view.
Original content
After a decline last year (due to outbreaks of bird flu and African swine fever), this year the production of poultry and pork began to rise again. Because of this, the average wholesale prices for these types of meat in early November were 5-25% lower than the price level a year earlier, says Yushin. For example, a broiler carcass fell in price by 10%, and a chicken fillet - by 15%. According to Yushin, even beef is now in abundance on the market. Compared to the beginning of the year, wholesale prices for the main parts of standard beef decreased by 10-15% on average. If the situation with animal diseases remains stable, in 2023 the production of poultry and pork meat can add another 2-4%, the expert predicts. "Affordable feed prices, stabilization of supplies and prices for key vitamins and amino acids, and the level of provision of the industry with basic vaccines will contribute to this," he explains. And since poultry and pork account for more than 80% of the meat ...
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