World meat industry news

Rising prices for poultry products provoked high demand. This was reported by the press service of the Ministry of Agriculture. The ministry keeps the price situation on the food market under special control, the department indicated.

The ministry noted that the dynamics of selling prices this year for a number of socially significant products is below inflation. This applies to grain and dairy groups, as well as sunflower oil, pasta, cereals, and some vegetables. Among the latter are potatoes, onions and beets.

“At the same time, in conditions of a significant increase in demand, there is an increase in prices for poultry products,” the Ministry of Agriculture said.

In this regard, a set of measures has been developed. It is aimed at supporting producers, as well as increasing supply in the domestic market.

“A plan has been agreed with the main producers to further increase volumes to meet the needs of the domestic market,” the ministry clarified. The agency expects continued positive dynamics in this segment at the end of the year.

As the ministry clarified, from December 1, 2023, it is planned to expand the areas of targeted use of preferential investment loans for broiler production. This is provided for by the amendments prepared to Order No. 274.

Together with the Ministry of Industry and Trade, work is being done to encourage manufacturers and retail chains to enter into long-term supply contracts. Thanks to this, it will be possible to ensure predicted volumes of products, as well as retail prices.

Now, in addition to this, producers of chicken eggs and chicken meat are being inspected. The inspections are carried out by the FAS of Russia. In addition, together with the Ministry of Agriculture, an analysis of the feasibility of increasing selling prices for eggs is being carried out.

The Subcommission on Customs, Tariff and Non-Tariff Regulation also supported the initiative to establish tariff benefits for certain types of domestic chicken meat. The issue of zeroing out import duties on chicken eggs for a period of six months is planned to be considered.

“The measures taken will help maintain the availability of poultry products for consumers,” the Ministry of Agriculture concluded.