World meat industry news

In February of this year, Russia faced an increase in prices for milk and dairy products. According to Rosstat, prices for these goods increased by 0.67% compared to January. The increase in the cost of butter is especially noticeable, which increased in price by 1.1%. Since the beginning of the year, prices for milk and butter have increased by 1.43% and 2.91%, respectively. Compared to February last year, the cost of milk increased by 1.6%, and butter by 6.59%.

In addition to dairy products, February also saw an increase in prices for fish and seafood. Over the month, goods in this category increased in price by 0.46%. Since the beginning of the year, fish prices have increased by 1.19%, and compared to February last year - by 6.65%.

However, not all food products have increased in price. Prices for poultry meat and eggs continue to decline, although they have not yet been able to compensate for last year's price increase. In February, prices for poultry meat decreased by 1.16% compared to January of this year. However, compared to February 2023, the price of chicken increased by 25%. Chicken eggs fell in price in February by 0.62% compared to January, but their cost still remains 1.5 times higher than in February 2023.

Why do we see such fluctuations in food prices? One possible reason is inflation, which affects the cost of all goods and services in the country. Rising prices for milk and dairy products may be associated with increased production costs such as animal feed and energy. Also, changes in exchange rates and global market trends can affect the prices of fish and seafood, especially if they are imported.

For poultry meat and eggs, the decline in prices may be due to increased supply in the market. Perhaps manufacturers have increased production volumes, which has led to a decrease in the cost of these goods. However, it should be noted that last year's price increases for these products are still affecting their prices.

In general, fluctuations in food prices in Russia are the result of various factors, including inflation, production costs, exchange rates and changes in market supply and demand. Understanding these factors will help consumers better plan their spending and make informed food purchasing decisions.