World meat industry news

With the growth of pork and poultry production in Russia, the risk of market saturation remains. At the same time, an increase in production leads to the maintenance of prices for these types of meat at the same level, and this, against the backdrop of general food inflation, contributes to an increase in consumption. This opinion was shared by the head of the National Meat Association Sergey Yushin in the second issue of Prodkast, a joint project of the New Industry Media Publishing House and the research company NTech.

“Overproduction is not excluded. But at the same time, inefficient enterprises are now leaving the market. They need to be replaced. Decreased production in household plots. They also need to be replaced. Sales channels are expanding, exports are increasing, which generally improves the pricing structure,” Sergey Yushin commented.

According to him, the main risk for the industry remains epizootic risks - the spread of bird flu and African swine fever. “Here, much will depend on how we manage to prevent the spread of these diseases. If we pass a year like 2022, then meat prices will not grow, as they have been growing for the last 3-4 weeks,” the expert added.

Sergei Yushin stressed that today the main driver of growth in the meat industry remains the physical and economic availability of meat. “Pork generally lags far behind food inflation. For 7 years, food inflation approached 55%. At the same time, the price of pork rose by only 9-13% in 7 years. Let's look at the price of fish, apples. Fish consumption has decreased by more than 16% in 10 years. For vegetables and fruits, there is practically stagnation,” he commented.