World meat industry news

The wholesale cost of meat may decrease by 5–10% by the end of the year

  • 21 Jun 11:59

The wholesale cost of meat may decrease by 5–10% by the end of the year Growth in production, reduced exports amid logistical difficulties due to hostilities in Ukraine, as well as a decrease in domestic demand due to falling incomes of the population, could seriously worsen the position of Russian pork producers. Market participants fear that by the end of the year, the average prices for this meat may drop by 5–10%, which threatens to leave the market for some players. Large companies are already suspending the implementation of new projects. The average annual wholesale prices for pork at the end of this year, under an unfavorable scenario, may decrease by 5-10%. Such a forecast is contained in the presentation of the National Union. Read more...

The Ministry of Economic Development cancels the duty-free import of pork

  • 21 Jun 11:58

The Ministry of Economic Development cancels the duty-free import of pork According to Yuri Kovalev, director general of the National Union of Pig Breeders (NSS), the forecasts related to preferential pork imports did not come true. In January-May, no more than 15 thousand tons of this type of meat were purchased on foreign markets, but for 100 thousand tons, as was originally planned. Prices for pork in the domestic market have decreased against the backdrop of rising world prices, so its import is not economically feasible. Foreign-produced pork has lost its competitiveness in the domestic market. Until the beginning of 2022, pork imports were subject to a duty of 25%. The decision on zero duty on pork imports was made in October 2021.. Read more...

Roskachestvo plans to start testing products of parallel imports by the end of the year

  • 21 Jun 11:56

Roskachestvo plans to start testing products of parallel imports by the end of the year By the end of the year, Roskachestvo plans to begin checking goods imported through parallel imports, it can start with household appliances and light industry products.This was announced to TASS in an interview during the St. Petersburg International Economic Forum by the head of the organization Maxim Protasov. "One of the first categories of goods that were imported through parallel imports was household appliances. Soon Roskachestvo will start conducting the first research in this segment to check whether parallel imports are counterfeit," he said. Protasov noted that another area in which Roskachestvo plans to conduct inspections is light industry. Read more...

Russia is increasing the production of animal feed for cattle

  • 21 Jun 11:55

Russia is increasing the production of animal feed for cattle The production of feed for cattle (cattle) in Russia, in the context of the dynamic development of animal husbandry, has had a steady upward trend in recent years.The volume of feed production for cattle in Russia in 2021, according to Rosstat, amounted to 2.7 million tons, which is 9.2% more than in 2020. In January-April 2022, compared to the same period in 2021, the indicators increased by 14.1% (by 0.1 million tons) and amounted to 1.0 million tons. In the overall structure of the production of feed for cattle in 2021, the Central Federal District is in the lead.It accounted for 33.4% (of the total volume). Also, tangible volumes fall on the Volga Federal District. Read more...

Miratorg plans to double exports in 2022

  • 21 Jun 11:53

Miratorg plans to double exports in 2022 Agroholding Miratorg plans to double the export of products in 2022, however, it does not rule out a reduction in production due to the non-repayment of projects. This was announced to journalists on the sidelines of the SPIEF by Viktor Linnik, President of Miratorg. "Exports are going according to plan, we planned to export $0.5 billion a year, we are doubling compared to last year. These are beef, pork, poultry - value-added products, we supply more than 50 countries of the world," he said. At the same time, the head of the company noted that its projects do not pay off due to the fact that the ruble is "overheated." According to his estimates,. Read more...

President Putin SPIEF 2022 Speech: Russia’s New Business & Investment Policies

  • 20 Jun 10:48

President Putin SPIEF 2022 Speech: Russia’s New Business & Investment Policies Russian President Putin gave a lengthy speech at the St. Petersburg International Economic Forum (SPIEF) on Friday. In this article we feature the business, trade, and investment Russian President Putin gave a lengthy speech at the St. Petersburg International Economic Forum (SPIEF) on Friday. In this article we feature the business, trade, and investment policies he has set out for Russia given the new geopolitical situation and the new economic and financial planning taking place as Russia looks to adapt to new realities. policies he has set out for Russia given the new geopolitical situation and the new economic and financial planning taking place as Russia looks to. Read more...

Roskachestvo and the Ministry of Agriculture will develop a program for the sustainable development of the economy

  • 20 Jun 10:48

Roskachestvo and the Ministry of Agriculture will develop a program for the sustainable development of the economy Roskachestvo and the Ministry of Agriculture are starting to develop a program for sustainable economic development based on the "green" agenda.This was stated by Elena Saratseva, Deputy Head of Roskachestvo, in her speech at the round table "Sustainable agriculture: a priority for the state and business" as part of SPIEF-2022, reports The Dairy News. She also talked about how organic agriculture is developing in Russia.According to Elena Saratseva, some "movement from below" on the part of individual agricultural producers has been observed for a long time.After the Federal Law “On Organic Agriculture” was adopted in 2018,. Read more...

The Russians told what goods they bought for the future because of the threat of shortages

  • 20 Jun 10:47

The Russians told what goods they bought for the future because of the threat of shortages From March to May, a fifth of Russians stocked up on certain goods, fearing their shortage in the future, according to the results of a study as part of the monitoring of the NAFI analytical center (available to RBC). The survey was conducted in May and involved 1,600 adult residents of 53 regions of Russia. The respondents purchased: cereals (12%); pasta (10%); household chemicals (8%); canned food (7%); medicines (7%); personal hygiene products (7%); cosmetics and perfumery (3%); tobacco (3%) and alcohol (2%); clothing and footwear (2%); children's goods (2%). At the same time, Moscow residents more often than others bought. Read more...

Russian imports of veterinary drugs from China grow as those from Europe go down

  • 20 Jun 10:43

Russian imports of veterinary drugs from China grow as those from Europe go down From January to April, Russia imported 12.4 billion rubles’ worth of animal health products (customs clearance and VAT costs included). According to the report issued by analytical company RNC Pharma, supplies in rubles decreased by 3,6% compared to the same period in 2021. At the same time, analysts note a significant reduction in supplies from a number of European countries, while imports of veterinary drugs from China have seen significant growth. From January to April, physical imports of veterinary drugs to Russia were around 9.4 million packages, which is 5.9% less than in the same period of 2021. Analysts note geographical shifts in. Read more...

The Ministry of Agriculture noticed positive signals for the removal of barriers to agricultural exports

  • 17 Jun 11:16

The Ministry of Agriculture noticed positive signals for the removal of barriers to agricultural exports The Ministry of Agriculture sees "certain positive signals" for the removal of barriers to the export of agricultural products. For example, the United States declared its readiness to guarantee shipping and insurance companies involved in the supply of Russian goods that they would not fall under their sanctions. However, this can only remove part of the current problems, said the head of the Ministry of Agriculture Dmitry Patrushev on the sidelines of the St. Petersburg International Economic Forum, Finmarket writes. According to Patrushev, the largest international logistics and financial companies are now hindering the free supply of Russian. Read more...