World meat industry news

Russia and Turkey rebuild meat trade

  • 28 Nov 12:07

Russia and Turkey rebuild meat trade Russia and Turkey are to drop trade restrictions and reinstate mutual trade in meat, which virtually stopped after the Turkish Airforce fighter jet shot down the Russian. Read more...

Russia and Turkey rebuild meat trade

  • 23 Nov 11:00

Russia and Turkey rebuild meat trade Russia and Turkey are to drop trade restrictions and reinstate mutual trade in meat, which virtually stopped after the Turkish Airforce fighter jet shot down the Russian. Read more...

More ASF Reported in Russian Pigs

  • 22 Nov 06:34

More ASF Reported in Russian Pigs Russia has reported two more outbreaks of African Swine Fever (ASF) on pig farms. One commercial pig farm in Krasnodarskiy Kray with 16,248 susceptible pigs reported 415 cases. In Moskovskaya, a backyard. Read more...

Ukraine Reports Further ASF Outbreaks

  • 22 Nov 06:34

Ukraine Reports Further ASF Outbreaks Three more outbreaks of African Swine Fever (ASF) have been reported in the Khmel'nitskiy and Nikolayev regions of Ukraine. In Nikolayev, a village farm with 200 pigs reported one case and, in Khmel'Nitskiy, a backyard farm reported 16 cases and a commercial farm with 7,748 pigs discovered four outbreaks. Stamping-out is going to be held. Read more...

Russian meat giant to move into online sales

  • 21 Nov 10:42

Russian meat giant to move into online sales One of Russia’s largest meat producers is preparing to launch a new web store. Read more...

First tipping online service launched in Russia

  • 21 Nov 10:40

First tipping online service launched in Russia Russia's Plazius App for making online payments has launched the first service for tipping in restaurants and cafés by means of a credit card. The press service of Russia's largest bank Sberbank, which owns the application, confirmed the information to RBTH. The code in the check, which a visitor gets in a cafe or restaurant from a waiter, should be entered in Plazius application. When paying guest can set the amount of a tip for the waiter - arbitrarily or as a percentage share of the check. Today, Plazius is connected to the 1,300 cafes and restaurants located in all Russia's major cities, the Sberbank press service reports. However, the. Read more...

Ukraine’s MHP posts $8m third-quarter loss

  • 18 Nov 10:56

Ukraine’s MHP posts $8m third-quarter loss Ukraine’s grain and poultry giant MHP has reported a net loss of $8m for the third quarter of 2016 after a profit of $24m. Read more...

World Bank upgrades its forecast for the Russian economy

  • 18 Nov 10:55

World Bank upgrades its forecast for the Russian economy On Nov. 9, the World Bankreleasedits latest forecast for the Russian economy. The prediction was better than expected, showing the Russian economy shrinking by 0.6 percent in 2016, then rising by 1.5 percent in 2017 and by 1.7 percent in 2018. In June, the World Bank predicted that Russia’s GDP would fall by 1.2 percent in 2016. The latest World Bank forecast is close to the most recentestimatesby Russia's Ministry of Economic Development, which show the country's GDP shrinking by between 0.5 percent and 0.7 percent in 2016. According to the Bank’s report, Russia’s economic decline has slowed considerably due to growth in such. Read more...

Number of the week: The probability of U.S. sanctions being cancelled

  • 17 Nov 09:46

Number of the week: The probability of U.S. sanctions being cancelled Morgan Stanleyhas estimateda 35 percent chance the U.S. lifting sanctions against Russia in 2017-2018, in connection with the election of Donald Trump as President of the United States. Bloomberg reported about it in an analytical review of the banking company. In case of such a scenario, politicians may find it harder to keep European Union sanctions in force, the agency reported, citing the opinion of analysts at Morgan Stanley. The victory of Republican candidate Donald Trump in the U.S. presidential elections may well benefit Russia – many analysts had already predicted that Trump's candidacy was more preferable for the Russian establishment. After Trump. Read more...

Global Meat Prices Fall in October

  • 17 Nov 09:44

Global Meat Prices Fall in October The global Food Price Index from the UN's Food and Agriculture Organisation (FAO) averaged 172.6 points in October, up 0.7 per cent for the month and 9.1 per cent from a year earlier, with the staple grains' index rising for the first time in three months. The Food Price Index, which has risen continuously throughout 2016 except for a brief dip in July, is a trade-weighted index tracking international market prices for five major food commodity groups. October's rise was driven primarily by jumps in sugar and dairy prices.The FAO Dairy Price Index rose 3.9 per cent from September, led by rising prices of cheese and in particular butter, as a result. Read more...