World meat industry news

Russia resumes poultry exports to Qatar

  • 09:27

Russia resumes poultry exports to Qatar Russian veterinary watchdog Rosselkhoznadzor announced that the ban on Russia's exports of poultry products to Qatar has been lifted. Qatari authorities have lifted the ban only for poultry shipments from the regions in Russia which have been declared free of highly pathogenic avian influenza. Moreover, the ban has also been lifted the shipments of poultry products that have been processed to ensure the destruction of the disease from all regions of the Russian Federation. According to some market research estimates, the Qatari meat market is expected to become a million. Read more...

Pork prices decreased in February

  • 09:26

Pork prices decreased in February The Ministry of Agriculture reported that by the beginning of February the producers ` prices for pork had decreased in Russia. Now they are 9.1 percent less than at the end of December 2018. In retail pork still costs between 200 and 350 rubles per kilogram, depending on the cut or the distribution network and the region. Albert Davleev, president of Agrifood Strategies consulting company, told that "the reduction in prices for final consumers will largely depend on the policy of retail chains". "Suppliers enter into annual agreements with retailers, and prices change no more than once a quarter. Within the annual contract there is an indicative of which the. Read more...

Ministry of Agriculture instructed to analyze the reasons of the dairy exports decline

  • 09:26

Ministry of Agriculture instructed to analyze the reasons of the dairy exports decline Russian Agriculture Minister Dmitry Patrushev instructed industry representatives to analyze the reasons of the decline in dairy exports from Russia, which occurred in 2018. He stated this during a speech at the X Congress of the National Union of Milk Producers (Soyuzmoloko). “I ask you to analyze and draw conclusions to prevent a similar situation. Naturally, this should be done jointly with the staff of the Ministry of Agriculture to avoid such problems and stimulate an increase in milk production and export of dairy products,” said Patrushev. The minister recalled that by the end of 2018, exports of dairy products from the Russian Federation decreased. Read more...

Cherkizovo Group Announces Financial Results for the fourth quarter and full year 2018

  • 09:21

Cherkizovo Group Announces Financial Results for the fourth quarter and full year 2018 PJSC Cherkizovo Group (MOEX: GCHE), the largest vertically integrated meat producer in Russia, today announces its audited consolidated IFRS results for the fourth quarter and full year ending December 31, 2018 Fourth quarter financial highlights Revenue increased by 31.0% year-on-year (y-o-y) to RUB 31.9 billion. Net change in fair value of biological assets amounted to negative RUB 2.0 billion, compared to RUB 0.9 billion in 4Q17. Revaluation of harvested crops in stock changed to negative RUB 0.4 billion from negative RUB 1.3 billion in 4Q17. Gross profit of RUB 7.7 billion up by 33.5% compared to 4Q17. Adjusted EBITDA* up by 179.0% y-o-y to RUB. Read more...

Kazakhstan wants to revive its pork industry

  • 14 Feb 09:14

Kazakhstan wants to revive its pork industry By 2025, the Kazakh Union of Pig Farmers hopes to establish pork export of around 100,000 tonnes per year. The Kazakh Union of Pig Farmers intends to revive the pork production in the country and hopes to open the Russian and Chinese market for their exports. A recent development programme adopted by the Union plans to establish pork export of around 100,000 tonnes per year by 2025. "With the improved effectiveness and decreased production costs, an export price of around US$ 3.5 per kg would be a great deal for the Kazakhstan pig farmers", said Viktor Lim, chairman of the Kazakhstan Union of Pig Farmers. That requires increasing the domestic pig population. Read more...

Rosstat: Eggs and pork prices went down

  • 14 Feb 09:13

Rosstat: Eggs and pork prices went down Prices for chicken eggs decreased by 1.3%, and for pork - by 0.3% from January 15 to 21. This follows from the consumer price index published by Rosstat. At the same time, prices for other products increased during this period. In particular, prices for millet (1%), lamb and flour (0.6%), half-smoked sausages, sausages and wieners, pasta and vodka (0.4%) showed an increase. Prices for boiled sausages, butter, sour cream, buckwheat and tea rose by 0.3%. According to Rosstat, the average increase in fruit and vegetable prices was 0.6%. At the same time, the prices for white cabbage increased by 2.5%, and. Read more...

Veterinary services of Russia and Belarus will discuss transit of livestock products

  • 14 Feb 09:13

Veterinary services of Russia and Belarus will discuss transit of livestock products The head of the Rosselkhoznadzor Sergei Dankvert and his Belarusian counterpart Ivan Smilgin will discuss lifting restrictions on supplies of Belarusian food to the Russian market, RIA Novosti reports. The parties also intend to develop mechanisms for the transit of livestock products, which follow from Belarus through Russian territory to. Read more...

Russia became a net exporter of pork in 2018

  • 13 Feb 09:27

Russia became a net exporter of pork in 2018 Russia exported pork and offal totaling 106,000 tonnes in the year to November, increasing its shipments by 11% compared to a year ago. These results makes the country a net exporter, according to the Agriculture & Horticulture Development Board (AHDB). Felicity Rusk, trainee analyst at AHDB, said that the growth is mainly based on an increase in exports to Vietnam, Belarus, Azerbaijan and Ukraine. Shipments to Vietnam increase over two fold in the year to November, reaching 15,000 tonnes. On the other hand, shipments to Russia's largest export destination, Hong Kong, totaled only 26,000 tonnes, down almost 23% year-on-year. Russia's fresh and. Read more...

Cherkizovo Group - one of largest pork producers in Russia

  • 13 Feb 09:26

Cherkizovo Group - one of largest pork producers in Russia According to the rating of the National Union of Pig Producers for 2018, which included the largest producers of pork in the Russian Federation, Cherkizovo Group still ranks second. Thanks to the launch of new pig farms in the Lipetsk, Voronezh and Penza regions, the group increased its production from 212 thousand tons to 250 thousand tons, and its market share from 5.5% to 6.1%. In general, the production of pork in all farms last year reached 3.7 million tons in slaughter weight, according to the National Union of pig producers. This is almost 200 thousand tons or 5.5% more than in 2017. The growth in agricultural organizations was at the level of 8% - 240. Read more...

Russian exports to China exceeded imports for the first time

  • 13 Feb 09:25

Russian exports to China exceeded imports for the first time The trade turnover between the two countries in 2018 for the first time exceeded $ 100 billion. Russia sold $ 56 billion worth of goods and bought it at $ 52 billion. Moreover, during autumn visit to the People's Republic of China, Prime Minister Dmitry Medvedev said that the next goal was a trade turnover of $ 200 billion. Theoretically, this is a real task. But there is no confidence in its achievement, since everything depends on how the trade war between China and the US ends, said Alexander Dushkin, asset manager of the International Fund for Private Investment: “I think that the movement towards this figure is very realistic, since China is a producer. Read more...