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Russian chicken exports to China surge

20 Nov 2020

• 20 Nov 11:40

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Steady demand for chicken meat, the availability of feed from an ample grain crop and growing imports of soybean meal will all support production growth in Russia in 2021. In 2020, exports increased 22% driven by entry into the Chinese market. Meanwhile, domestic consumption is forecast flat while difficult economic conditions continue and competition with pork intensifies. Steady demand for chicken meat during the Covid-triggered recession, availability of feed from the strong grain crop in Russia and growing imports of soybean meal will support marginal production growth to 4.725 mmt in 2021. The 2020 production forecast is revised to 4.715 mmt, which is 1%. Read more...