World meat industry news

From August 16 to August 22, prices on world food markets slightly decreased (-0.4% after -0.6% a week earlier). In annual terms, in August, the growth of world prices amounted to 5.7% y/y. This is stated in the review "On the current price situation", prepared by the Ministry of Economic Development of the Russian Federation.

In the reporting week, quotations for wheat in France (-5.3%), soybean oil (-2.3%) and pork (-2.7%) continued to decline, and prices for wheat in the US also corrected downward (-2.0 %) and raw sugar (-1.8%) after rising last week. At the same time, prices for corn (+3.7%) and soybeans (+3.9%) rose noticeably. The cost of beef and palm oil has not changed.

In the world fertilizer market, prices rose (+0.4% after stabilizing a week earlier) due to an increase in the cost of mixed fertilizers (+0.3%) after declining over the previous three weeks and a continued increase in prices for nitrogen fertilizers (+0.4% ). In annual terms, in August, the increase in prices amounted to 29.0% y / y.