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Russian swine industry gets more profitable but consumption remains low

  • 14 Mar 10:29

Russia per capita consumption at 20kg per person is half of Europe's and a price drop could close old farms with low productivity. Import controls on pork imposed by Moscow have revived the swine industry in Russia but they could also represent a trap considering that the consumption is low and a price drop may put out of the business a great number of old, low productivity farms, according to the latest Genesus Inc global report on the industry. "An 85 rubbles/kg liveweight (66¢/lb US liveweight) is leading to profits in the $35-50 per head range. Some expansion is underway, and Russia with abundant land and grain production costs should be. Read more...