World meat industry news

Pork production in Russia shows stable growth, while prices, according to experts, tend to decrease. Beef, on the contrary, is growing in price, while poultry meat prices remain stable.

The Association of Meat Processors (ASOMP) analyzed the positions of different types of meat on the Russian market and outlined the trends for the nearest development. Thus, according to the data of the association, which sfera.fm got acquainted with, there has been a trend in the pork market for a decrease in prices for most positions. Experts expect pork prices to continue to move down over the next two to three weeks. At the same time, according to the data for July 2023, a positive trend in pork production remains - compared to the same period in 2022, the increase is 6%.

Prices for broiler meat remain close to the levels already reached, and given the decline in pork prices, experts predict the market will stabilize.

The average level of wholesale prices for domestic beef and offal in Russia increased by 1.8% last week, and increased by 4.3% over the month (in ruble terms).