World meat industry news

An increase in domestic production, a fall in prices and the introduction of an import duty on pork led to a decrease in Russian imports of this meat to minimum values. According to the results of the first half of the year, supplies decreased by 98%, to 1 thousand tons, while earlier the Russian Federation imported up to 100 thousand tons of the product annually. The departure of foreign pork will help to prevent a sharp collapse in prices of this meat. 

According to the results of January-June, imports of pork from non-CIS countries to Russia decreased by 98%, to 1 thousand tons year-on-year, according to the Center for Industry Expertise of the Russian Agricultural Bank. In monetary terms, the value of supplies decreased from $ 170 million to $ 3 million. According to the head of the center, Andrei Dalnov, the reason was the increased attractiveness of the markets of China and the countries of Southeast Asia for world exporters, as well as changes in the tariff policy of Russia. Previously, pork imports to the Russian Federation were regulated by a quota (400 thousand tons in 2019), and from this year a 25% duty was established for the import of this meat.