The Dairy Union of Russia is concerned that the increase in foreign currencies exchange rate, caused by the recent events, may push up the costs of dairy products due to the imported inputs. The National Feed Union informed VML that none of the foreign suppliers refused to perform their obligations under the contracts, however some transportation issues arose.
The Fish Union believes that the new package of mutual sanctions and restrictions will impact the supply chain, while the Union of Animal Industry Enterprises is concerned by the future imports of veterinary medicines and feed.
On food safety
The Ministry of Agriculture of Russian Federation stated that.
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Russia and Ukraine export a lot of wheat. Russia supplies about 20% of world wheat exports, and Ukraine about 10%, according to the Food and Agriculture Organization (FAO) of the United Nations. Together, they account for approximately 13% of total global wheat production.
Wheat prices were already inching up in anticipation of the Russia-Ukraine conflict. As of Feb. 24, wheat futures prices on the Chicago Board of Trade hit $9.35, the highest point since July 2020. “It’s incredible, frankly, that this is likely the most anticipated invasion in history and yet it seems like it has taken the markets by surprise,” said Jake Hanley, managing director.
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Neither Russia or Ukraine trade red meat directly with the UK, but they do have mutual trade partners for beef and pork. Any impacts from the conflict are therefore likely to be indirect and probably only minimal. Let’s look at the trade figures in more detail.
WhileRussiais a large producer of red meat, its trade volumes are moderate in comparison to other nations. Russia mostly imports beef and exports pork, with virtually no trade done with European countries.
According to trade figures from IHS Maritime & Trade, in 2021 Russia imported 214,000 tonnes (product weight) of beef, mostly from Belarus, Paraguay and Brazil. For context, this is slightly less.
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CATTLE & BEEF
•In the eighth week of 2022, the Russian beef market, after a slight increase in prices, shows multidirectional dynamics. No fundamental changes have taken place. Prices for cattle in live weight decreased by 0.29%, while prices for beef sides continued to grow, adding 0.13%.The retail market also continued to grow, adding 0.34%.
• The influence of the approaching celebration of International Women's Day, the aggravation of the situation between Russia and Ukraine and the introduction of a new package of sanctions, which entail inflationary expectations, are affecting.
•Demand for beef from the end.
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Tajikistan boosted poultry production by 30% in 2021, reducing dependence on imported broiler meat and eggs, the Tajik Agricultural Ministry said.During a press conference in Dushanbe on 31 January, deputy Agricultural Minister, Nigina Anvari, said that Tajikistan produced 44,100 tonnes of poultry meat in 2021, compared to 30,600 in the previous year.
Poultry production is a key segment of agriculture in Tajikistan and is playing a crucial role in improving protein content among the population, she said.
Poverty takes a toll
Tajikistan is a small country in central Asia bordering Afghanistan on the south and China on the east. It remains the poorest.
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McDonald's, Papa John's, KFC, Pizza Hut, Burger King and Starbucks are all well-known US fast-food operators but their financial performances are expected to take a dive due to their exposure in the Russian market. The two largest players are McDonald's and Yum! Brands' KFC — with a total of roughly 1,900 locations. It's unclear if Russia will move to shutter these US-born fast-food spots as the West deploys sanctions. Last week, McDonald's has declined 8% of its value in the Dow Jones Industrial Index. But it is not the only company that looks for heavy winds ahead.
"The conflict between Russia and Ukraine could adversely impact.
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MHP, one of the largest poultry producers in Ukraine and in Europe has been hardly impacted by the current unstable situation. The company that delivers more than 400,000 tonnes of poultry and poultry products into the Ukrainian market reported significant disruption in the supply chain and confirmed that is seeking alternative routes to supply food for the Ukrainian people.
MHP covers almost half of the poultry consumption in the Ukrainian market and affirmed that is ready to relocate its production sites, if needed, to continue production and deliveries in the domestic market. It said ensuring the safety of its workers is its first priority with.
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Western economic sanctions to punish Russia for its military operation in Ukraine heap a new set of unknowables on a global economy already distorted by the coronavirus pandemic and a decade of ultra-cheap money,reported Reuters.
The bid to exclude from the trading system whole chunks of the world's 11th largest economy -- and supplier of one-sixth of all commodities -- has no precedent in the globalised age.
Sanctions unveiled so far will hit Russian banks' business in dollars, euros, pounds and yen. US export curbs will restrict Russian access to electronics and computers while European capitals are fine-tuning similar export controls and measures to target.
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Belgrade refused to join Western anti-Russian countries, said Serbian President Aleksandar Vucic, RIA Novosti reports. Vucic reminded that Serbia itself was under Western sanctions. Until now, the restrictions apply to the Republika Srpska of Bosnia and Herzegovina, he recalled.
Serbia believes that sanctions against any state or its representatives does not correspond to the political and economic interests of the country.
At the same time, the country's authorities support the principle of the territorial integrity of all states, including Ukraine, Vucic said.
The Serbian President added that Moscow not only refused to support sanctions against Serbia,.
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Will the expected sanctions on Russia impact global meat trade and demand? Steiner Consulting Group posed this question in the Feb. 24Daily Livestock Report.“A while back, Russia was a major buyer of proteins in the world market. We still remember when prices for chicken leg quarters in the U.S., or the price of beef in Brazil, would be greatly affected by events in Russia. That is no longer the case,” Steiner Consulting Group wrote.
In the last decade, Russia has become self-sufficient in providing its own meat protein. According to USDA’s Foreign Agricultural Service data, as recently as 2010, Russia relied on pork imports for about a third of.
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