Igor Babaev, the founder of Cherkizovo Group, expects China to open the market for Russian pork and doesn't want to lose the momentum. Therefore, the Group announced that it will build 40 new farms in the Penza region to be prepared for exports to Asia. "We view Asia as our key export destination. We expect the Chinese market to open in the near future, creating lots of opportunities, of which we should be ready to take advantage. Russia has about 40 million pigs, an insignificant number compared with China’s stock of 600 million animals. Still, we have great potential for boosting pork production and exports, benefiting from lower biological risks in Russia. Read more...
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