Chicago Mercantile Exchange (CME) cattle futures turned lower for a second trading session on Thursday, even as the tight US cattle supply and strength in the beef cutout values offered support,Reuters reported, citinganalysts. But concern about export demand - particularly Chinese demand - weighed over futures later in the day, traders said. On Thursday,China's customs officesaid it will allow the import of some beef and beef by-products from Russia, effective immediately. Separately, theAustralian government saidon Thursday that China had lifted bans on imports from five major Australian beef processing facilities. The news came a day after Reuters. Read more...
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In the first three months of 2024, the market for the delivery of groceries and everyday goods grew by 55% year-on-year, to RUB 310 billion. This became possible not due to Moscow and large cities in the European part of Russia, where supply is already saturated, but due to regions, such as Siberia and the Far East, where online delivery began to actively develop from the beginning of this year. Experts expect that market growth is still possible by the end of this year, but then the pace will gradually slow down.
In January-March, the market for online sales of food products (e-grocery) grew by 55% year-on-year, to 310 billion rubles, according to the.
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Russian Prime Minister Mikhail Mishustin expressed confidence in the possibility of significant growth in the country's agricultural sector, emphasizing the importance of a multiple increase in agricultural export volumes. At a meeting with the head of Rosselkhoznadzor Sergei Dankvert, he emphasized that the task of increasing agricultural production by 25% and increasing exports by one and a half times by 2028 is a serious challenge, but feasible. Agriculture plays a key role in the Russian economy, ensuring the country's food security and creating export opportunities. Mishustin noted that the first key performance indicators of the industry are. Read more...
The supply of breeding animals from abroad is declining, which forces Russian companies to look for new ways to sell within the country. In this context, the companies Ekonova and Chebomilk decided to use electronic auctions to sell livestock. This practice, successfully used in the United States, is just beginning to gain momentum in Russia. Ekonova Group of Companies plans to trade breeding heifers through electronic auctions, expanding its range of activities, which was previously limited to offline transactions through calls and paper contracts. This is a significant step in the development of livestock sales in Russia. Following the example, another. Read more...
This year, the Russian Federation is actively aiming to increase exports of pig and poultry products. Plans for the current year were discussed at a meeting at the Russian Ministry of Agriculture chaired by Minister of Agriculture Oksana Lut. During the meeting, the ambitious task set by the President to increase the export of agricultural products by at least one and a half times by 2030 was emphasized. To achieve this goal, export volumes must be significantly increased this year. It is planned to increase the supply of pork and offal, as well as live pigs, to more than 310 thousand tons. In addition, the volumes of meat and poultry by-products should exceed 400. Read more...
This summer, significant exchange trading in pork and chicken meat will begin in Russia, which is causing increased interest among market participants. Executive Director of the National Union of Meat Processors, Nikolai Aksyonov, shared this news at the “Russia” forum, where the main directions and prospects for the development of the exchange market for Russian agricultural products were discussed. According to the information, trading in pork will begin in June at the National Commodity Exchange, part of the Moscow Exchange group, and trading in chicken will be held later, although specific dates have not yet been announced. A special working group has. Read more...
During January-April of this year in Russia, production of all major types of meat increased by an average of four percent. The Ministry of Agriculture reported this. In exact figures, 4.5 million tons of livestock and poultry were released for slaughter. The output of beef and other cattle meat increased the most - by 9.4 percent or up to 378.2 thousand tons. 1.9 million tons of pork were produced, or eight percent more. For poultry meat, the figure remained at last year’s level of almost 2.2 million tons. The ministry also cited a comment from the head of the National Meat Association (NMA), Sergei Yushin, who named various factors for such success for certain. Read more...
Prices for chicken meat, according to Yuri Krupnov, are not only a reflection of seasonal factors, but also an important indicator of the general state of the economy. Rising prices for chicken, as analysts note, are often associated with various factors, including technological and production problems. Yuri Krupnov emphasizes that poultry prices may indicate the underdevelopment of industries such as agriculture and veterinary medicine. It raises an important issue about feed for farm animals, especially chicken, which is one of the main sources of protein. The problem is limited access to optimal feed products such as soybeans and soy protein. Despite attempts to. Read more...
Food prices in Russia in April 2024, compared to April 2023, generally show an increase. AB-Center analyzed the dynamics of retail prices for 128 goods, of which a decrease was observed in only 11 goods. Prices have strengthened for 117 items. At the same time, the price increase for some items looks quite noticeable. Price strengthening of over 40% over the year is demonstrated by 4 goods, from 20 to 40% - by 8 goods, from 10 to 20% - by 26 goods. As for the decline in prices for goods, it is much less pronounced. Thus, price weakening of more than 10% is observed only for two items. In April 2024, the inflation rate in Russia was 7.82% (annualized for the last. Read more...
The Russian Ministry of Agriculture recently announced ambitious plans to increase pork and poultry exports by 2024. At a meeting with the heads of specialized enterprises and industry unions, target indicators were named: 310 thousand tons of pork and more than 400 thousand tons of poultry meat. These plans are aimed at implementing the presidential decree to increase exports of agricultural products by at least 1.5 times compared to 2021. One of the key points of discussion was the development of the supply of live pigs, pork and by-products, as well as meat and poultry by-products. These areas are considered priorities for the further expansion of Russian. Read more...
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