World meat industry news

Kalmykia sent the first batch of halal mutton to Iran

  • 23 Aug 08:47

Kalmykia sent the first batch of halal mutton to Iran Kalmykia announced the first delivery of lamb to Iran. Until the end of 2019, the total volume of deliveries to the Islamic Republic of mutton produced by Kalmyk sheep farms according to Halal standards should be at least 300 tons. This is the preliminary agreement in the framework of the project “Export of agricultural products” of the national project “International Cooperation and Export”. The first 12 tons of mutton were shipped to the Iranian market by Vector-Plus LLC (Elista). In the near future it plans to send the next batch in the same direction. The head of the republic Kalmykia, Batu Khasikov, noted the leadership of Kalmykia in. Read more...

Russia has become a net importer of pork - again

  • 23 Aug 08:47

Russia has become a net importer of pork - again Although last year Russia exported slightly more pork than it imported, this year foreign purchases of pork grew and the country again became a net importer of this type of meat. From January to May 2019, overseas purchases of pork in the Russian Federation (including offal) increased by 50%, to 63.6 thousand tons. Although exports were also growing, this was not enough to offset the growth of imports. Thus, in the first five months of this year, Russia imported 15.3 thousand tons of pork more than it exported. The most significantly increased imports from Brazil, which in the first five months of this year reached 26.3 thousand tons. Russia imposed an embargo on. Read more...

Largest meat producer in Russia announces its IFRS results for the first half 2019

  • 23 Aug 08:42

Largest meat producer in Russia announces its IFRS results for the first half 2019 PJSC Cherkizovo Group (MOEX: GCHE), the largest vertically integrated meat producer in Russia, today announces its unaudited consolidated IFRS results for the first half 2019. Secondquarter financial highlights · Revenue increased by 25.5% year-on-year (y-o-y) to RUB 29.0 billion. · Gross profit of RUB 7.4 billion declined by 23.8% compared to 2Q18. · Adjusted EBITDA* decreased by 7.3% y-o-y to RUB 4.1 billion. Adjusted EBITDA margin contracted to 14.0% from 19.0% in 2Q18. · Net profit declined to RUB 2.2 billion from RUB 5.8 billion in 2Q18. Adjusted net profit** amounted to RUB 1.3billion, compared to RUB 2.2 billion. Read more...

African Swine Fever Found on Two Farms in Russia

  • 22 Aug 11:54

African Swine Fever Found on Two Farms in Russia Russian authorities announced new cases of African swine fever (ASF) in the Amur region near its border with China on Wednesday. Pigs infected with the deadly ASF virus that has no cure or vaccine at this time were found at two private farms in the village of Volkovo near Blagoveshchensk,Reutersreports. In early August, an ASF outbreak was detected at a small farm in Russia’s Primorsk region near the country’s border with China. The ASF virus is highly transmissible between pigs, but it does not affect humans. The disease poses no. Read more...

Ukraine’s Export to Russia Hits New Record Low

  • 22 Aug 11:34

Ukraine’s Export to Russia Hits New Record Low The market share of the Russian Federation in the structure of Ukrainian exportsstands at 6.4% in 2019,an almost four-fold decrease since2013,Ukrinformreported citing a government minister. “In 2013, 23.7% of exports accounted for the Russian Federation. We reoriented our exports, and now the EU’s share in the exports of goods is 42%, while the share of Russia is 6.4%. It continues to decrease,” Stepan Kubiv, Ukraine’s first vice prime ministerand minister of economic development and trade,said at a government meeting on Wednesday. According to him, almost 30% of Ukraine’s exports go to Asian markets. The African market is also open, and. Read more...

Pork prices fall in Russia

  • 22 Aug 11:32

Pork prices fall in Russia Russian domestic market pork prices continue to decline steadily. stated the head of Russia's National Union of Swine Breeders Yuri Kovalev. I expect that production growth will continue by 4–5% per year in the next three to four years. This increases competition at the market creating the prerequisites for price decline,reports RIA Novosti news agency citing the expert. According to Yuri Kovalev, wholesale prices drop will affect retail in three to four months. Meanwhile, the effect will be observed only in the form of store promotions and seasonal offers. The pork production volume in Russia during the first half of the year grew by 4.1% and amounted. Read more...

Russia Under Threat if U.S.-China Trade War Escalates, Experts Warn

  • 21 Aug 10:26

Russia Under Threat if U.S.-China Trade War Escalates, Experts Warn The US-China trade war, if escalated, could lead to economic slowdown and even recession in Russia, analysts by theMoscow Higher School of Economics’SE Centre for Business Tendency Studies (CBTS) said in a report, according toTASS. “If the trade conflict between the world’s two biggest economies, the US and China (roughly 35% of world-wide nominal GDP, Russia – about 2%), hits the ceiling and, consequently, growth rates of the economies of mentioned countries all but certain slow down for some period, that will immediately result in a notable decline in global commodity prices and create major difficulties for the main Russian export,” the. Read more...

The Russian meat market is based on pork and poultry

  • 21 Aug 10:25

The Russian meat market is based on pork and poultry The Russian meat market is based on pork and poultry. Let’s see, how these two segments are developing at the moment and what factors have an impact on their development. Pork Production According to the Department of Animal Husbandry and Breeding of the Industrial Pig and Poultry Production Department of the Ministry of Agriculture of the Russian Federation, in the first three quarters of the last year, pork production in Russia increased by 4.8%, and the increase was recorded virtually in all federal districts with appropriate conditions for pig production development. According to the report published by experts of the Department of Animal Husbandry and. Read more...

Experts called the food prices rise one of the outcomes of five years of embargo

  • 21 Aug 10:22

Experts called the food prices rise one of the outcomes of five years of embargo One of the results of the food embargo imposed in Russia in August 2014 was the rise in food prices. This is stated in a study that analysts from consulting company KPMG conducted for RBC. Experts note that over five years, prices have risen both for products that have been banned from importing, and for those that were previously produced in Russia. Most of all butter (by 79%), frozen fish (68%) and cabbage (62%) have risen in price. Wheat flour (by 25%), pasta (34%) and sunflower oil (35%), which were previously mainly produced in Russia, significantly increased in price. The reason for the price rise was the dependence of Russian producers on imports,. Read more...

Ministry of Agriculture developed a bill on eco-products

  • 21 Aug 10:21

Ministry of Agriculture developed a bill on eco-products The Ministry of Agriculture of Russia has developed a draft law on ecologically clean agricultural products, raw materials and food. This is stated in the message of the Ministry.The bill was prepared as part of the process of creating a brand of "green" products in Russia on behalf of the President of the Russian Federation. “Its adoption will allow to form a system of legal regulation of the eco-product market that is new for Russia. The draft law is aimed at regulating the production, storage, transportation, labeling and sale of such products,” the Ministry of Agriculture noted. The norms of the bill do not apply to perfumery, cosmetic,. Read more...