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...
Russian authorities announced new cases of African swine fever (ASF) in the Amur region near its border with China on Wednesday. Pigs infected with the deadly ASF virus that has no cure or vaccine at this time were found at two private farms in the village of Volkovo near Blagoveshchensk,Reutersreports. In early August, an ASF outbreak was detected at a small farm in Russia’s Primorsk region near the country’s border with China. The ASF virus is highly transmissible between pigs, but it does not affect humans. The disease poses no. Read more...
The market share of the Russian Federation in the structure of Ukrainian exportsstands at 6.4% in 2019,an almost four-fold decrease since2013,Ukrinformreported citing a government minister. “In 2013, 23.7% of exports accounted for the Russian Federation. We reoriented our exports, and now the EU’s share in the exports of goods is 42%, while the share of Russia is 6.4%. It continues to decrease,” Stepan Kubiv, Ukraine’s first vice prime ministerand minister of economic development and trade,said at a government meeting on Wednesday. According to him, almost 30% of Ukraine’s exports go to Asian markets. The African market is also open, and. Read more...
Russian domestic market pork prices continue to decline steadily. stated the head of Russia's National Union of Swine Breeders Yuri Kovalev. I expect that production growth will continue by 4–5% per year in the next three to four years. This increases competition at the market creating the prerequisites for price decline,reports RIA Novosti news agency citing the expert. According to Yuri Kovalev, wholesale prices drop will affect retail in three to four months. Meanwhile, the effect will be observed only in the form of store promotions and seasonal offers. The pork production volume in Russia during the first half of the year grew by 4.1% and amounted. Read more...
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