World meat industry news

Russian meat market in 2022 - key trends and forecasts

  • 25 Aug 10:33

Russian meat market in 2022 - key trends and forecasts In 2000-2021 there was a steady increase in meat production in the Russian Federation. At the same time, some stagnation of indicators was noted in 2021 - the growth rate slowed down significantly. Thus, the production of meat of all types in 2021 amounted to 11346.1 thousand tons in slaughter weight, which is only 1.1% (124.1 thousand tons) more than in 2020. In 2021, compared to 2020, pork production increased by 0.5%, beef - by 2.4%, poultry meat - by 1.2%, lamb and goat meat - by 0.3%, other types of meat - decreased by 0.1%. Over 5 years (by 2016), the production of meat of all types in Russia in slaughter weight increased by 15.1% (by 1,492.8 thousand tons), over. Read more...

Meat production in Russia increased by 7.2% in 7 months

  • 25 Aug 10:32

Meat production in Russia increased by 7.2% in 7 months Meat production in Russia in January-July 2022 increased by 7.2 percent from the same period last year, to 1.9 million tons. This was reported in Rosstat. The output of cattle meat, as well as lamb, goat meat, pork, horse meat and meat of other farm animals increased by 6.4 percent last month to 278,600 tons from the same month last year. The production of steam, cooled and chilled pork increased by 9.1% or up to 255 thousand tons. In total, over seven months, compared to the same period last year, it increased by 8.1 percent to 1.7 million tons. In chilled poultry meat, on the contrary, it decreased by 1.3 percent to 1.7 million tons. In general, over the seven months. Read more...

Ministry of Economic Development: Food on world markets fell in price by 0.4%

  • 25 Aug 10:29

Ministry of Economic Development: Food on world markets fell in price by 0.4% From August 16 to August 22, prices on world food markets slightly decreased (-0.4% after -0.6% a week earlier).In annual terms, in August, the growth of world prices amounted to 5.7% y/y.This is stated in the review "On the current price situation", prepared by the Ministry of Economic Development of the Russian Federation. In the reporting week, quotations for wheat in France (-5.3%), soybean oil (-2.3%) and pork (-2.7%) continued to decline, and prices for wheat in the US also corrected downward (-2.0 %) and raw sugar (-1.8%) after rising last week.At the same time, prices for corn (+3.7%) and soybeans (+3.9%) rose noticeably.The cost of beef and palm. Read more...

Russians have begun to save more actively and are switching to a lean consumption model

  • 25 Aug 10:28

Russians have begun to save more actively and are switching to a lean consumption model Russians are switching to a new lean consumption model, choosing goods at a lower price and are increasingly focusing on discounts, Igor Karavaev, president of the Association of Retail Trade Companies (AKORT), told RIA Novosti. "Consumers have become more frugal. This is partly due to a slowdown in demand after a surge in shopping activity in March, but in general, we are seeing a transition to a new, more frugal consumption model. Buyers have begun to choose low-price products more often, they are increasingly focusing on discounts," — he said. According to him, the structure of consumer spending has also changed.So, a year ago, it was dominated. Read more...

Bank of Russia: Inflationary expectations of the population increased

  • 25 Aug 10:26

Bank of Russia: Inflationary expectations of the population increased Inflationary expectations of the population for the year ahead in August increased to 12.0% (+1.2 percentage points against July), but remained lower than in June (-0.4 percentage points against June).Observed inflation in August was declining for the third month in a row, its estimate was 20.5% (-1.7 percentage points against July).Long-term (three years ahead) inflation expectations of the population increased slightly, but remained significantly below the levels of early 2022.This is stated in the commentary of the Bank of Russia "Inflation expectations and consumer sentiment", writes The DairyNews with reference to the press service of. Read more...

Tatarstan Opens Up Trade Corridor With Iran

  • 25 Aug 10:24

Tatarstan Opens Up Trade Corridor With Iran Russia’sTatarstan Republicis looking to increase trade with Iran via the International North-South Transportation Corridor (INSTC), said Tatarstan’s Deputy Prime Minister and Minister of Industry and Trade Korobchenko Oleg Vladimirovich. Speaking in a meeting with his Iranian counterpart, Vladimirovich announced the establishment of logistics centers in Tatarstan in order to increase trade with Iran through the INSTC and the Caspian Sea, and raised the proposal for the launch of direct flights between Tehran and Kazan to improve bilateral trade adding that Tatarstan will prepare all the necessary infrastructure. Flights currently have to route via Istanbul,. Read more...

Saudi Arabia's interest in products from Russia has grown significantly in six months

  • 24 Aug 10:03

Saudi Arabia's interest in products from Russia has grown significantly in six months Saudi Arabia is interested in increasing the supply of Russian food and agricultural raw materials, the trade turnover in this area is $700 million and has the potential to grow two to three times. This was reported by the Prime agency, with reference to the Russian trade representative in Saudi Arabia, Stanislav Yankovets. “The basis of our exports to Saudi Arabia is the export of food and agricultural raw materials - almost $ 700 million ... Food exports are an important topic here, and the trade turnover of $ 700 million is constantly growing, and here the prospects can easily be doubled or tripled. The market will swallow everything,” Yankovets. Read more...

Novosibirsk region among the Russian leaders in the development of animal husbandry

  • 24 Aug 10:02

Novosibirsk region among the Russian leaders in the development of animal husbandry Since the beginning of the year, the production of basic types of livestock products in the Novosibirsk Region has been higher than for the same period in 2021 for each criterion, new investment projects in the agricultural sector are being implemented in the region, and a breeding base is developing Evgeny Leshchenko, Deputy Prime Minister - Minister of Agriculture of the Novosibirsk Region, spoke about the development of animal husbandry in the region at a press conference on August 19. “Currently, our region ranks third in the Russian Federation in terms of the number of dairy cows, and is in the top ten in the production and sale of milk. In the Siberian. Read more...

Russia and India may recognize each other's payment systems

  • 24 Aug 10:00

Russia and India may recognize each other's payment systems Russia and India can recognize each other's payment systems.Specifically, the Mir system and RuPay, Deccan Herald reports.According to the data, countries are already discussing the creation of a Single Payment Interface, which will not be affected by Western sanctions against Russia. According to the newspaper's interlocutors, the issue of mutual recognition of the systems was discussed during recent bilateral meetings, including during a visit to Moscow on August 17-18 by India's national security adviser Ajit Doval. Russia and India are discussing the expansion of the use of national currencies in bilateral trade.The possibility of creating. Read more...

Vladimir Putin supported the requirements for the disposal of all packaging by its manufacturers

  • 24 Aug 09:56

Vladimir Putin supported the requirements for the disposal of all packaging by its manufacturers President Vladimir Putin agreed on proposals to change the extended liability mechanism for producers and importers of goods and packaging (ERP), follows from his resolution in a letter sent by Deputy Prime Minister Victoria Abramchenko (a copy of the letter of July 29 with a resolution of August 11 is at RBC, his authenticated by a government source). RBC sent a request to the presidential press service.The press service of the government forwarded questions to Abramchenko's office.Representative of Victoria Abramchenko declined to comment on the letter, noting that the government continues to work on the implementation of the president's order to introduce. Read more...