World meat industry news

Federal Customs Service: Food imports of the Russian Federation for 9 months

  • 14 Nov 10:43

Federal Customs Service: Food imports of the Russian Federation for 9 months Over the 9 months of this year, Russia, compared to the same period last year, sharply increased imports of dairy products, primarily butter. According to the FCS, it was imported 87.2 thousand tons, which is 36.4% more than a year earlier. Meat imports (excluding poultry) decreased by 2.4%, to 284.6 thousand tons (by $ 967.1 million), fish - grew by 1.1%, to 165.4 thousand tons. Read more...

The volume of beef supply on the Russian market is declining

  • 14 Nov 10:43

The volume of beef supply on the Russian market is declining Cattle meat production declined in all regions of the Russian Federation. According to the Director General of the National Union of Beef Producers (NSPG) Roman Kostyuk, a precrisis situation has developed in this sector of the agro-industrial complex. In Siberia beef production in the commodity sector decreased by more than 10%. Some slaughterhouses stopped working due to the lack of cattle. The index of industrial supply of beef, calculated by Cherkizovo analysts, indicates that over the three quarters of 2019, it decreased by 4% year on year. The conclusion about the pre-crisis situation in the beef production sector was called into question by the head. Read more...

Dagestan to increase beef production

  • 13 Nov 10:53

Dagestan to increase beef production According to the Dagestan news agency, citing data from the regional Ministry of Agriculture and Food, for 10 months of 2019, the volume of meat production in this republic of the North Caucasus Economic Region amounted to 107 thousand tons. The cattle herd in Dagestan has reached almost 980.9 thousand heads. The preconditions for increasing beef production are emerging in the region. The Ministry of Agriculture and Food said that at the end of October, the whole Russian Federation increased the output of beef by 1.3%, and the gross volume exceeded 1.7 million tons. The number of beef and cross-country cattle in the country amounted to 3.9 million heads, which. Read more...

Wholesale and retail pork prices declining

  • 13 Nov 10:50

Wholesale and retail pork prices declining According to the information and trading system OilWorld.RU, in Russia wholesale and retail pork prices are steadily decreasing: since the beginning of 2019, they have fallen by 15% in some retail chains. In particular, the Cherkizovo group is reporting a reduction in wholesale prices for pork. In October, one kilogram of pork produced at the holding enterprises cost 86.6 rubles, which is 14% less than in October last year. The General Director of the National Union of Pig Breeders (NSS) Yuri Kovalev said that last year the Cherkizovo Group supplied the market with 6% of pork. According to him, prices for this type of red meat are reduced not only by the second-largest player. Read more...

Russia’s non-resource exports to grow by 2% instead of 7% this year

  • 12 Nov 11:12

Russia’s non-resource exports to grow by 2% instead of 7% this year Russian Industry and Trade Ministry expects the country’s non-resource exports to grow by 2% this year, instead of the national project’s target of 7%, Russian Industry and Trade Minister Denis Manturov said. He told the presidium of the Council on Strategic Development and National Projects during its Monday’s session that "figures will not exceed the 2% growth compared to last year." "Therefore, they will be different from the indices in the national project," he added. According to the Russian government’s national project on international cooperation and exports, Russia’s non-resource non-energy exports are scheduled. Read more...

Veronesi expands to Russia

  • 12 Nov 10:28

Veronesi expands to Russia Italy's Gruppo Veronesi plans to invest over €11 mill. in its first integrated cross-border supply chain for white meat in Russia, reports suggest. The pilot project will enable the Italian group to enter one of the fastest-growing markets and continue its international expansion. The pilot project will see the Italian company creating an integrated supply chain with farms and meat processing facilities. It will also be involved in the distribution and marketing of fresh meat. All meat produced in Russia by the company will be exclusive to the local market. The supply chain will be established in collaboration with equity partner, Finest, and an. Read more...

US Department of Agriculture raises Russia’s wheat output estimate to 74 mln tonnes

  • 11 Nov 10:02

US Department of Agriculture raises Russia’s wheat output estimate to 74 mln tonnes Russia’s wheat production will amount to 74 mln tonnes in 2019-2020 agricultural year (June 2019 - July 2020), according to the estimate of the US Department of Agriculture. In September and October, it projected 72.5 mln tonnes. Wheat export projection has been raised to 34.5 mln tones from 34 mln tonnes in previous months. The official grain harvest outlook of the Russian Agriculture Ministry for 2019 is 120 mln tonnes, including 78 mln tonnes of wheat. Previously the ministry projected grain harvest at 115-118 mln tonnes. Russia’s grain export equaled 43.3 mln tonnes in 2018-2019 agricultural year, including 35.2 mln tonnes of wheat. In. Read more...

Russian October railway exports at highest in almost 2 years

  • 11 Nov 10:01

Russian October railway exports at highest in almost 2 years Russian sugar railway exports hit their highest since January 2018 in October of 76,819 mt, up from 47,415 mt the previous month and almost four times the 19,577 mt a year earlier, according to figures from consultancy Ikar. Sugar shipments have started the season (August-July) on a strong note, notching up 149,379 mt in the first three months of the campaign, nearly the triple the 50,224 mt over the same period of 2018-19. What lies behind this surge in sugar exports is the expectation of a new bumper crop in Russia this season, which could also post a new all-time high, surpassing 2017-18’s 6.460 million mt. A higher beet acreage and favorable weather are the main. Read more...

Russian President’s special envoy highlights five export development scenarios in 2020s

  • 8 Nov 08:59

Russian President’s special envoy highlights five export development scenarios in 2020s Special envoy of the Russian President for digital and technology development Dmitry Peskov named five key scenarios of increasing the export share, which can be applied at the governmental level during the next decade. "We have five basic scenarios in terms of exports. The first one is the offensive, market-based and champion’s one. This is a hypothesis that we need technology champions with high capitalization and networks worldwide in order to compete on the global market in 2020s. We will stimulate turbid growth of companies, their IPOs, set the goal, for example, of having ten unicorn companies in key areas of the technology development by 2025 and achieve. Read more...

European Commission Lowers Russian GDP Growth Forecast for 2019 to 1%

  • 8 Nov 08:58

European Commission Lowers Russian GDP Growth Forecast for 2019 to 1% The European Commission (EC) has lowered its outlook for Russia’s GDP growth in 2019 to 1% from 1.5%, theEuropean Economic Forecast report – Autumn 2019released on Thursday reveals, according toRT. The EC has also adjusted its forecast for Russia’s GDP growth in 2020 to 1.4%, down from 1.8% as it was reported in the spring forecast. The decrease in the forecast occurred amid a global recession. Thus, the EC reduced its forecast for world GDP growth for 2019 to 2.8% from 3.1%, for 2020 – to 3.1% from 3.6% compared with its spring forecasts. In the euro zone, the forecast for GDP growth has been reduced to 1.1% from 1.2% for 2019, to 1.2%. Read more...