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All news / Russian pig production has increased 1.3 times in the last 5 years

  • 15 Jul 2020, 11:56

The Russian pig industry is actively developing, raising investors' interest. Over the past 5 years, the industry's output has increased 1.3 times by 1.2 million tons. The level of self-sufficiency in 2019 reached 103%. The positive trend has continued this year: in January-March pig production from all categories of farms totaled 1.28 million tons, which is 11.3% or 130,600 tons more than for the same period last year. According to forecasts by the Ministry of Agriculture of Russia, by 2025 production volume is expected to increase by at least 760,000 tons.

The industry faces the important task of transitioning from accelerated import substitution to increasing supplies abroad and entering new markets. From January to May this year, imports fell by 94% and amounted to only 350,000 tons. At the same time, the export of Russian pork is growing annually, and by 2024 it could increase to 360,000 tons.

A wide range of state support measures is available for agricultural producers, including preferential investment loans for the purchase of machinery and specialized transport, breeding products and hybrid breeding stock, as well as short-term loans for the purchase of young livestock, feed, and veterinary drugs. In addition, the animal insurance mechanism is working effectively - this is especially important, considering that the main risks in the industry are related to the epizootic situation.

Source: mcx.ru