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All news / Pork has fallen in price in Russia

  • 07 Dec 2021, 11:20

In Russia, pork fell in price, the National Union of Pig Breeders (NSS) recorded a fall in prices against the background of an increase in meat production and a decrease in demand. About it informs Kommersant.

Thus, the cost of one kilogram of a live pig fell to 96.8 rubles, half of the carcass – to 146.46 rubles. This is below the 2020 level. Further declines in value are expected in 2022.

NSS General Director Yuri Kovalev noted that after the end of the barbecue season, the demand for pork fell, and in the fourth quarter, the increase in supply began to put pressure on the market. According to the Ministry of Agriculture, pork production increased by 0.9 percent in January-October.

The decrease in prices was also confirmed by the largest producer, the agro-industrial holding Miratorg. Due to the fact that supply exceeds demand, prices for cuts in the next quarter may lose another 15-20 percent in price. Currently, in the wholesale trade, a ham costs 225 rubles per kilogram, a shoulder blade – 215 rubles.

The head of the National Meat Association Sergei Yushin added that at present the price of pork for some producers has fallen below the cost price. He assumed an increase in prices before the New Year holidays, but in early 2022 predicted a new decline for the market.

According to NSS forecasts, in 2022, average pork prices will fall below the current year. The situation with the reduction in the price of this type of meat is also confirmed by the Ministry of Agriculture.

Earlier it became known that the subcommittee on tariff regulation supported the proposal of the Ministry of Agriculture of Russia on duty-free import of pork and beef from abroad from January 1, 2022, in order to stop the rise in prices. The quota for the first product will be valid for six months, for the second – for a year.

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