Russian President Vladimir Putin called on the central bank and top government officials to find ways to boost the growth of real incomes in the country which he called “insufficient”, state-run news agencyTASSreported. “Given the increase in wages in the economy, real incomes of people are growing slowly. This raises concern,” the Russian leader said, opening a meeting on economic issues. The issue of real disposable incomes has recently been one of the most socially-sensitive in Russia where economic growth has slowed from an average of about 7% a year from 2000-2008, coupled with a steep drop in the ruble amidWestern sanctionsand lower. Read more...
Information and analytical portal SoyaNews, citing open data from the Unified Interagency Information Statistics System (EMISS), published a summary of July beef prices in different regions of Russia. In July of this year, beef, with the exception of boneless meat, cost an average of 338.06 rubles per kilogram. Since June, the price has risen by 0.4%, and compared with the price level in July 2018 the price increased by 4.9 percent. Since the beginning of 2019, the price of beef has risen by 2.7%, which was a record for two and a half years. For two years and seven months, the price of beef was minimum in January 2017: 315.02 rubles per kilogram, and the maximum in July. Read more...
Official representatives of the Republic of the Philippines at the 2nd meeting of the Joint Russian-Philippine Commission on Trade and Economic Cooperation, held in Moscow, confirmed that four Russian enterprises can supply their products to the country. The following enterprises received the right to export Stavropol Broiler, a branch of the Blagodarnensky Meat Poultry Plant; "LISKo Broiler"; "Vasilievskaya"; "Bryansk broiler." These companies have been inspected by the competent authority of the Philippines. Product deliveries will be accompanied by veterinary certificates for the export of poultry meat agreed by the. Read more...
Russia's export of poultry meat in 2019 can reach 250 thousand tons. The General Director of the National Union of Poultry Breeders Sergei Lakhtyukhov told this during a working trip to the Vladimir region on Thursday. "If in 2017 the volume of export of poultry meat amounted to a little more than 100 thousand tons, in 2018 it was already 183 thousand tons, <...> we hope to reach an indicator of about 250 thousand tons by the end of the year," he said. According to Lakhtyukhov, duck meat has a special export potential, because the countries of the Arabian Peninsula and the states of Southeast Asia and China are interested in. Read more...
Information and analytical portal SoyaNews, citing open data from the Unified Interdepartmental Information Statistics System (EMISS), published a summary of July pork prices in different regions of Russia. In July this year, the average price of pork, with the exception of boneless meat, amounted to 273.65 rubles per kilogram and increased by 0.8 percent compared to the average price in June. On an annualized basis (compared with July 2018), pork price went up by 6.3%, but since the beginning of 2019, it has fallenby 0.7 percent. For two years and seven months, the minimum price for pork (248.73 rubles per kilogram) was registered in March 2018, and the maximum (275.54. Read more...
Russia slapped a raft of measures against the European Union, the US, Australia, Canada and Norway in August 2014 in response to the EU’s and US’ sanctions, with the list expanded later by other countries. The so-called countersanctions ban imports of fruits, vegetables, dairy, and meat products from a number of countries to the Russian Federation. Representatives of departments and experts have told TASS about changes in the structure of Russia’s agriculture industry and about sectors that have gained traction over the past five years, as well as what goods will be substituted in the future. According to the data provided by the. Read more...
Russian farming conglomerate Rusagro said on Wednesday it has bought a 22.5% stake in local competitor Agro-Belogorie, raising speculation this is a first step to taking a controlling stake to become the country’s largest pork producer. Rusagro and Agro-Belogorie are among the five largest pork producers with similar production capacity in Russia, which has seen consolidation in the meat industry in recent years. “This deal is definitely a way to gaining control, otherwise Rusagro would not have done it,” a banking source told Reuters. Rusagro did not disclose the terms of the deal and a spokeswoman declined to comment. Privately owned. Read more...
Kalmykia announced the first delivery of lamb to Iran. Until the end of 2019, the total volume of deliveries to the Islamic Republic of mutton produced by Kalmyk sheep farms according to Halal standards should be at least 300 tons. This is the preliminary agreement in the framework of the project “Export of agricultural products” of the national project “International Cooperation and Export”. The first 12 tons of mutton were shipped to the Iranian market by Vector-Plus LLC (Elista). In the near future it plans to send the next batch in the same direction. The head of the republic Kalmykia, Batu Khasikov, noted the leadership of Kalmykia in. Read more...
Although last year Russia exported slightly more pork than it imported, this year foreign purchases of pork grew and the country again became a net importer of this type of meat. From January to May 2019, overseas purchases of pork in the Russian Federation (including offal) increased by 50%, to 63.6 thousand tons. Although exports were also growing, this was not enough to offset the growth of imports. Thus, in the first five months of this year, Russia imported 15.3 thousand tons of pork more than it exported. The most significantly increased imports from Brazil, which in the first five months of this year reached 26.3 thousand tons. Russia imposed an embargo on. Read more...
PJSC Cherkizovo Group (MOEX: GCHE), the largest vertically integrated meat producer in Russia, today announces its unaudited consolidated IFRS results for the first half 2019. Secondquarter financial highlights · Revenue increased by 25.5% year-on-year (y-o-y) to RUB 29.0 billion. · Gross profit of RUB 7.4 billion declined by 23.8% compared to 2Q18. · Adjusted EBITDA* decreased by 7.3% y-o-y to RUB 4.1 billion. Adjusted EBITDA margin contracted to 14.0% from 19.0% in 2Q18. · Net profit declined to RUB 2.2 billion from RUB 5.8 billion in 2Q18. Adjusted net profit** amounted to RUB 1.3billion, compared to RUB 2.2 billion. Read more...
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