In a relatively short time, Russia has transformed itself from a globally significant importer to an exporter of pork. Eight years ago, the country imported more than 1.1 mill. t of pork and was the world's second largest importer of this product; in the meantime, however, imports have become almost insignificant. Exports, on the other hand, have picked up such a pace that Russia is expected to become the seventh largest pork exporter in the world this year. According to foreign trade data from the Danish Umbrella Association of the Agricultural and Food Industry (Landbrug & Fødevarer, L&F), Russia imported just under 8,300 t of pork, including. Read more...
The East European country can take advantage by the evolution in the EU pig industry. Russia’s target is to become the worlds 5th largest exporter of pigmeat. Russia target revenues of $45 billion from the export of agricultural product from Russia by 2020. The pig price this week in Russia is 117 Roubles ($1.76) per kg live including 10% VAT. According to Russian Pig Producer’s Association, the average production cost for the average producer are in the mid 80 Roubles per kg. This means today the average producer is making about 2400 Roubles per pig ($36) and the top producers who have costs below 60 Roubles are making 5400 Roubles ($81), states a. Read more...
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