The US-China trade war, if escalated, could lead to economic slowdown and even recession in Russia, analysts by theMoscow Higher School of Economics’SE Centre for Business Tendency Studies (CBTS) said in a report, according toTASS. “If the trade conflict between the world’s two biggest economies, the US and China (roughly 35% of world-wide nominal GDP, Russia – about 2%), hits the ceiling and, consequently, growth rates of the economies of mentioned countries all but certain slow down for some period, that will immediately result in a notable decline in global commodity prices and create major difficulties for the main Russian export,” the. Read more...
The Russian meat market is based on pork and poultry. Let’s see, how these two segments are developing at the moment and what factors have an impact on their development. Pork Production According to the Department of Animal Husbandry and Breeding of the Industrial Pig and Poultry Production Department of the Ministry of Agriculture of the Russian Federation, in the first three quarters of the last year, pork production in Russia increased by 4.8%, and the increase was recorded virtually in all federal districts with appropriate conditions for pig production development. According to the report published by experts of the Department of Animal Husbandry and. Read more...
One of the results of the food embargo imposed in Russia in August 2014 was the rise in food prices. This is stated in a study that analysts from consulting company KPMG conducted for RBC. Experts note that over five years, prices have risen both for products that have been banned from importing, and for those that were previously produced in Russia. Most of all butter (by 79%), frozen fish (68%) and cabbage (62%) have risen in price. Wheat flour (by 25%), pasta (34%) and sunflower oil (35%), which were previously mainly produced in Russia, significantly increased in price. The reason for the price rise was the dependence of Russian producers on imports,. Read more...
The Ministry of Agriculture of Russia has developed a draft law on ecologically clean agricultural products, raw materials and food. This is stated in the message of the Ministry.The bill was prepared as part of the process of creating a brand of "green" products in Russia on behalf of the President of the Russian Federation. “Its adoption will allow to form a system of legal regulation of the eco-product market that is new for Russia. The draft law is aimed at regulating the production, storage, transportation, labeling and sale of such products,” the Ministry of Agriculture noted. The norms of the bill do not apply to perfumery, cosmetic,. Read more...
The Russian Federal Service for Veterinary and Phytosanitary Surveillance (Rosselkhoznadzor) has lifted the restrictions on the import of products by three Belarusian companies on Friday,BelTAnews agency reported. Beef and beef products by Borisov Meat Processing Plant No. 1, dairy products of Molodechno Dairy Plant, and some products of OOO Akdimol will now be allowed for import in the territory of the Russian Federation, the watchdog announced. Products made as from 16 August will be eligible for the import to Russia, the statement said, adding that the imported products should be accompanied by digital veterinary certificates. Rosselkhoznadzor made the. Read more...
А Russian agricultural specialist has warned that soybean exports to China are likely to remain low for the next few years, suggesting that the amount produced will not be enough to provide a real alternative to production from the United States, theSouth China Morning Postreports. Soybean imports in China are the latest victim of a raging trade war with the U.S., as Beijing suspended purchases of U.S. soybeans and other farm products this month after U.S. President Donald Trump threatened to impose more tariffs on Chinese products. Russia is one of the many alternative sources for the crop – a vital food source for farm animals – and last month China. Read more...
Officials of the Rosselkhoznadzor Department for the Primorsky Territory and the Sakhalin Oblast revealed a violation of the Unified Veterinary and Sanitary Requirements in a large batch of frozen beef from Argentina. More than 27 tons of beef will be returned to Argentina. When conducting documentary and physical control of supervised products (frozen beef (quarters) with a total weight of 27,073 kg) at the temporary storage warehouse in Vladivostok, state inspectors of the Territorial Department of the Rosselkhoznadzor found that production dates on the labels of the boxes do not correspond to the dates specified in the veterinary certificate . This is a violation. Read more...
The average check of a resident of Russia for one trip to the store in June 2019 increased by 3 rubles compared to May, or by 0.5%, and amounted to 556 rubles, according to a study by the Romir holding, reports RIA Novosti. "As well as the volume of total daily expenses, the average check in the second quarter remained fairly stable. May check decreased by 0.7% compared to April, while the June check increased by 0.5% compared to May. Thus , according to the results of the first summer month, the size of the average check was 556 rubles with the May indicator of 553 rubles and the April one - 557 rubles, ”the study says. Compared with June last year, the. Read more...
If the Russian government insists on its plans to charge the country’s feed additives importers up to $120 million for the products that crossed the border over the past three years, domestic meat prices could go up 20%, Russia’s Agricultural Ministry has said,accordingto AllAboutFeed.net. For the past five years, about a quarter of feed additives in Russia have been imported under the so-called preferential tax regime, meaning that importers paid 10% VAT instead of a basic 18%, taking advantage of a government regulation that allowed companies to pay lower taxes on specific products in the food and feed industries. But in the first quarter of 2019,. Read more...
After growing consistently over the past decade, Russian poultry production dropped by 5.1% to 1.5 million tons in the first five months of the year,Global Meat Newsreported. Frozen poultry production down by as much as 24% year-on-year, the news website wrote, citing official data and industry estimates. According to the Russian State Statistical ServiceRosstat, production shrank in North-West federal district, in Urals and Far East, but the most noticeable decrease was seen on Russia’s south. Overall sales on the Russian market fell by 4% compared to the same period of the previous year, estimated Sveltana Fyodorova, general director of the Russian. Read more...
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