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Russia’s pig industry turns loss-making

  • 30 Sep 10:20

More than half of all pig farms in Russia are at risk of becoming loss-making in 2019 due to the rising production costs and falling purchasing prices on the domestic market, according to a forecast of the Russia’s National Union of Pork Producers (NUPP). In 2019, the wholesale prices are expected to dip by 5% to 10% to the lowest level seen since the introduction of food embargo in 2014, when all European pork were wiped out from the Russia’s market, RUPP said. Average wholesale pig price The average wholesale price in live weight is expected to be around 82 roubles (US$ 1.27) per kg without value added tax (VAT), while the average production cost. Read more...