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Russia’s pig holdings see margins shrinking

15 May 2017

• 15 May 11:38

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Virtually all of Russia’s large agricultural holdings have reported on the sharp fall of net profit in 2016, reflecting the worsening situation at the domestic meat market amid falling wholesale prices and rising debt in the industry. In early April, Tkachov Agricultural Holdings, owned by relatives of Russia’s agricultural minister Alexander Tkachov, released information that last year its profits collapsed 2.2 times to 2.94 billion roubles (US$52 million), when compared to 2015. The company ranked 12th place in the list of Russia’s largest meat producers, manufacturing primarily poultry and pork but not revealing detailed information on. Read more...