Russia is the world’s ninth largest e-commerce market and has plenty of room for growth.Russia’s leading e-commerce companies have announced impressive results for 2021 — continuing their rapid growth since the start of the coronavirus pandemic even as traditional brick-and-mortar shops had fully reopened.
Russia’s online retail market expanded by 40% over the year, according to preliminary estimates by Infoline. Market leaders Wildberries, Nasdaq-listed Ozon, and the international platform AliExpress Russia all significantly overperformed.
Wildberries
Wildberries, Russia’s largest online retailer, announced annual turnover had increased.
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Miratorg announced the start of modernization in its beef processing unit in the Bryansk region. The plant increased the capacity of packaging and sticker lines. The modernization is associated with an increase in the production of high-quality beef and will increase the throughput of the sites by 50 tonnes per day at the vacuum packaging stage and by 80 at the sticker. The modernization of the complex will take place in stages. At the initial stage, the company invested 176 million rubles ($2.5 million) in equipment upgrades.
The company is implementing a long-term strategy to increase the production of high-quality domestic meat within the framework of a full cycle.
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On February 13, the international food and beverage trade exhibitionGulfood 2022 will open in Dubai. More than60 Russian companieswill present their products with the support of theRussian Export Center (part of VEB.RF). These products have already been highly praised in the Gulf countries markets and are popular among customers: pastry, dairy and meat products, beverages, caviar, and other products from well-known manufacturers.
Gulfood 2022 will be attended by the leading meat producers, including theCherkizovo Group,the Resource Group of Companies, andDamate Group, which produce certified halal meat that meets modern safety and quality standards. The.
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Cherkizovo Group (Petelinka, Kurinoe Tsarstvo brands) has retained its leading position among Russia’slargest chicken meat producers. In2021, itproduced 813,000tonnesoflive-weightmeat, which accounted for around 13 % ofindustrial poultry production inthe country.
The National Union ofPoultry Farmers ranked Russia’slargest chicken meat producers based ontheir results in2021. Like inprevious years, Cherkizovo Group came out ontop with 813,000tonnes ofmeat produced (here andbelow inlive weight). According tothe Union, this represented anincrease of19,000tonnes, or2.4 %, from the previous year.
Cherkizovo Group was able toproduce more chicken.
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In Ukraine, prices for meat of all kinds will rise rapidly this spring. Probable growth is foreseen in one and a half times. The cost of meat will rise due to the increase in the cost of energy and feed.
Nikolai Babenko, Executive Director of the Meat Industry Association, spoke about the reasons for the increase in meat prices.
Meat is a delicacy for many Ukrainians and will rise in price in the near future. The expert believes that a sharp increase in the cost of meat is expected around the end of March this year. The rise in prices for chicken, pork and other food products by the rise in grain prices in Ukraine and the world back in November.
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In 2021, Sber entered into over 15,000 loan agreements worth over RUB 70 bn with small businesses operating in the agricultural sector. Over 60% of the lending volume was accounted for by loans provided under the Russian Ministry of Agriculture's preferential subsidy program with a rate of up to 5% per annum.
The average rate at which companies borrowed funds was 16%, or 10.5% if accounting for soft loans. The average term for attracting funds hovers around three years. Most of the funds were provided to companies engaged in crop production, followed by meat and dairy farming.
Over half of all applications were processed online without need for a bank visit. These.
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The objective is to strengthen the international brands Brazilian Chicken and Brazilian Pork at a strategic moment for the sector.
Although Russia recently announced the release of a quota of 100 thousand tons for pork imports from Brazil and it also ranked among Top 10 destinations for Brazilian poultry, the Brazilian Association of Animal Protein (ABPA), in partnership with the Brazilian Trade and Investment Promotion Agency (ApexBrasil) started a marketing campaign in Moscow focused on the quality of both products.
Last year, 9,200 tonnes of pork were exported by Brazilian producers to the Russian market but, as mentioned above, the volumes may increase 10 fold.
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New import restrictions introduced against a group of European suppliers by the Russian veterinary watchdog, Rosselhoznadzor, have resulted in a lack of hatching eggs in the Russian poultry industry, similar to the one seen during the first half of 2021.
The average price of hatching eggs in Russia has doubled over the past few months, reaching 40 Roubles (US$0.55) per unit, the Russian newspaper, Kommersant, reported. In January of 2022, the demand for hatching eggs in Russia exceeded supply by nearly 30%, driving prices up, Russian company Zdovovaya Ferma was quoted as saying.
Outbreaks of avian influenza
The main reason for the shortage is veterinary.
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The Big Mac Index Shows The Russian Ruble Is Undervalued By 70%
The Economist Magazine has just published its annual “Big Mac Index” in which it measures the strength of global currencies based upon the bench-mark price of a Big Mac burger in the United States. If the price of a Big Mac in dollar terms is higher than in theUS, then the corresponding currency is considered overvalued, and if it is lower, then vice versa. It shows both currency strengths and the role of the United States in manipulating the economic strength of countries it wishes to artificially subdue in terms of their ability to purchase goods internationally.
The Big Macindex.
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Nikolay Plaskunov, General Director of Vakinskoe Agro, Ryazan region, shared the results of the company's work in 2021. He said that last year the company produced 1800 tons of milk more than in 2020, and increased the volume of processing by 29%.
‘We are working for the future, we are planning for many years ahead. We will invest all the money we earn in investments that will improve people's lives, technologies and give other benefits. Our farm is already recognized as one of the most technologically advanced and modern in Russia. Our robotic farm is one of the largest in Europe, and the milking parlour of the "carousel" type is the second in Russia.
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