World meat industry news

All news / Growth in pork exports led to increase in prices in the domestic market

  • 18 Aug 2021, 12:17

According to the Federal Customs Service, in January-March 2021, Russia sent 120 thousand tons of meat to foreign markets, which is 7.9% more than in the same period last year. Export revenue grew by 14% to $ 207 million, of which 45% came from pork, 37% from poultry and 16% from beef.Growth in pork exports led to increase in prices in the domestic market

Pork shipments increased by 31% in volume to 48 thousand tons and by 59% in value to $ 93 million supported by increased exports to Vietnam.

 All these factors have led to an increase in wholesale prices in the domestic market. But the situation may change, as it is planned to commission new capacities and stabilize export growth. The seller's market can become a buyer's market again. In addition, in conditions of shortage, many problems of standardization and quality of raw meat have faded into the background. But they have not disappeared anywhere. Sooner or later, some of them may become an obstacle to the further development of exports and the development of new markets, says Ekaterina Luchkina, executive director of the National Union of Workers.