World meat industry news

Trade turnover between Russia, Morocco up 50% in early 2022, says trade envoy

  • 12 May 10:43

Trade turnover between Russia, Morocco up 50% in early 2022, says trade envoy According to the diplomat, the Kingdom of Morocco remains the third-largest trade partner of the Russian Federation among the countries of the African continent after Egypt and Algeria RABAT, May 11. /TASS/. Trade turnover between Russia and Morocco soared by almost 50% in January-February 2022, Russia’s Trade Representative to Morocco Artyom Tsingamzgvrishvili told TASS on Wednesday. "The Kingdom of Morocco remains the third-largest trade partner of the Russian Federation among the countries of the African continent after Egypt and Algeria. Exports from Russia to Morocco continue demonstrating positive dynamics, with growth by 53% posted for January-February,. Read more...

Inflation for the week from April 30 to May 6 was 0.12%

  • 12 May 10:42

Inflation for the week from April 30 to May 6 was 0.12% Inflation for the week from April 30 to May 6, 2022, was 0.12%, from the beginning of May – 0.1%, from the beginning of the year – 11.78%. This was reported by Rosstat. During the period from April 30 to May 6, prices increased: milk powder mixtures for baby food – by 1.1%, canned vegetables for baby food – by 0.9%, sour cream, black tea – by 0.8%. Prices for margarine on average in Russia increased by 2.2%. Prices for table salt increased by 1.3% on average in the country. Prices for chicken eggs on average in the country decreased by 3.5%. Granulated sugar on average in Russia fell by 1%. Fruit and vegetable products fell by 0.2%. Read more...

Miratorg announce increased poultry production for 2022

  • 12 May 10:29

Miratorg announce increased poultry production for 2022 The Russian Holding aims to reach a production of 178,000 tonnes, 20.3% higher than in 2021. ABH Miratorg aims to reach a total poultry production of 178,000 tonnes in 2022, which is 20.3% higher than in 2021. One hundred percent availability of hatching eggs allows the company not to adjust the production program. Miratorg performed systematic transition to full self-sufficiency in hatching eggs and full parent stock of poultry which allowed to eliminate the dependence of the poultry division on imported genetic material, to reduce biological risks, and increase egg quality indicators. The company invested 339.8 million rubles in a high-tech incubator expansion. Read more...

Russian beef exports doubled

  • 11 May 12:14

Russian beef exports doubled According to the Federal Center for the Development of Export of Agricultural Products (FGBI “Agroexport”) of the Russian Ministry of Agriculture, the Russian beef exports have doubled as compared to the same period of the previous year and in terms of value are worth $29 million. China is the largest importer of Russian beef ($18 million), followed by Uzbekistan ($3.5 million), Saudi Arabia ($3.3 million), Morocco ($1.6 million), and Kazakhstan ($0.7 million). According to the data provided by the Argus system of Rosselkhoznadzor, for the period from January 1 to April 15, the total volume of beef exports reached 9.3 thousand tons, which is higher. Read more...

Rusagro's net profit for the first quarter decreased by 66%

  • 11 May 12:13

Rusagro's net profit for the first quarter decreased by 66% The net profit of ROS AGRO PLC for the first quarter of 2022 decreased by 66% to 2.24 billion rubles ($26 million) compared to a year earlier. Revenue increased by 23% to 61.5 billion rubles ($715 million), adjusted EBITDA increased by 51% to 16.89 billion rubles ($196 million). This was announced by the company. Rusagro Group of Companies is one of the largest vertically integrated agricultural holdings in Russia. The Group is involved in sugar production, fat and oil business, pig breeding and crop production. The net profit of ROS AGRO PLC for 2021 under IFRS increased by 71% to 41.4 billion rubles ($563 million) compared to a year earlier. Revenue increased by 40%. Read more...

EU nation sees highest inflation in decades

  • 11 May 12:13

EU nation sees highest inflation in decades Consumer prices in Denmark have jumped to the highest level in 38 years, official figures from Statistics Denmark showed on Tuesday. According to the agency, the Danish consumer price index (CPI) jumped from 5.4% in March to 6.7% in April. Prices have soared amid the rise in global energy costs against the backdrop of the Russia-Ukraine conflict. The specific key inflation drivers in Denmark were electricity, natural gas, food and tobacco, the agency says. Prices of goods have risen by 10.3% over the past year, a rate not recorded since November 1982, data shows. The so-called core inflation rate, which excludes energy and unprocessed foodstuffs, in Denmark rose. Read more...

Rosselkhozbank predicts a significant increase in the share of lamb in the meat market

  • 6 May 09:53

Rosselkhozbank predicts a significant increase in the share of lamb in the meat market Rosselkhozbank experts studied the sheep breeding market and identified the main trends in its development dynamics. The volume of production of small ruminants in 2021 amounted to 213 thousand tons in carcass weight. This is mainly mutton, the production of goat meat is insignificant. Mutton consumption is roughly equal to production. About 77 kg of meat per capita is consumed annually in the country. Of these, 31 kg are for chicken, 28 for pork, 13 for beef, 3 for turkey. About 0.5 kg more is accounted for by other types of meat (for example, duck, rabbits). Lamb is consumed about 1.5 kilograms (2% of the meat market). Due to the peculiarities of fattening in this. Read more...

Russian producers learned how to make sausage to lower blood sugar

  • 6 May 09:47

Russian producers learned how to make sausage to lower blood sugar Hypoglycemic herbal preparation “Arfazetin” is added to ordinary boiled sausage. It contributes to the prevention and treatment of type 2 diabetes. Also, an infusion of bean leaves is added to the sausage. The expert noted that the product will be in demand among Russians with prediabetes and type 2 diabetes. The total number of such people in Russia is about 5.1 million. Medicinal sausage will reduce import dependence on foreign drugs for the prevention and treatment of diabetes. At the same time, such a sausage will cost about the same as a regular boiled sausage – instead of raw milk, the product of bean processing will be used in. Read more...

Top 15 Countries Whose Economies Depend On Russian Trade

  • 6 May 09:44

Top 15 Countries Whose Economies Depend On Russian Trade Three EU economies face serious exposure, while Central Asia dominates TheStatisticawebsite has produced an excellent graphic illustrating which countries depend most on Russian trade. This is a useful tool for analyzing risk and opportunity – the top three countries for example are all members of the Eurasian Economic Union (EAEU) which includes Russia. Three European Union member states make the list, suggesting their economies may come under serious pressure, while overall there has been a specific shift east – another sign that Russia has long planned for a Eurasian and Asian, rather than Western reliant economy. The list is. Read more...

Ukraine, Russia production critical to restoring global food security

  • 6 May 09:15

Ukraine, Russia production critical to restoring global food security UN Secretary-General Antonio Guterres said on Wednesday the problem of global food security could not be solved without restoring Ukrainian agricultural production and Russian food and fertilizer output to the world market,reported Reuters. Ukrainian crisis has added to volatility in financial markets, sending commodity prices higher and affecting logistics, potentially derailing the economic recovery from COVID-19 in many countries including Nigeria. "Our analysis indicates that the Ukrainian crisisis only making things worse, setting in motion a three-dimensional crisis that is devastating global food, energy and financial systems for developing. Read more...