Russia’s egg industry’s net profit dropped by $ 254 million in 2017, as the wholesale prices on the domestic market fell during the year, ending up at $ 0.56 per ten eggs. Market research by the Russian Union of Poultry Farmers (Rosptitsesoyuz) notes a 14% drop compared to 2016. The continuous fall in egg prices that started late in 2016 has already pushed the profitability of the average Russian egg farm down to 3% to 7%, from 12% to 14% seen just a few years ago. What is even worse is that this trend seems to be gaining momentum. Russia produced 44.5 billion eggs in 2017, 2% more than in the previous year. This drives the. Read more...
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