According to the weekly report “Monitoring prices for beef in Russia and abroad,” prepared by IMIT, the average level of wholesale prices for imported beef and offal in Russia decreased by 2.5% this week, and by 3.5% during the month. On March 11, 2019 in North-West Federal District, neck-shoulder cut is sold at a wholesale price of 319.8 rubles / kg, a rump costs 321.3 rubles / kg, and fins - 323.3 rubles / kg. In the Central Federal District the average wholesale prices for imported neck-blades were set at the level of 282.0 rubles / kg, rump costed 358.7 rubles / kg, and fins -. Read more...
Grain markets are higher overnight after being down sharply on favorable weekend weather in South America with significant harvest advancement. Commodity funds were net sellers of CBOT wheat, corn, soybean and soymeal futures contracts and net even in soyoil futures. As of March 8th, commodity funds were short 212,800 corn contracts, short 66,300 soybean contracts, short 84,400 wheat contracts, short 50,200 soymeal contracts and long 16,000 soyoil contracts. President Trump's 2020 budget proposed a 15% cut for the USDA, calling its subsidies to farmers "overly generous" at a time when they are going through the worst crisis in decades because. Read more...
The FAO Meat Price Index was up slightly, supported by higher prices of bovine and pig meat. Global food prices rose in February, with the FAO Food Price Index averaging 167.5 points, up 1.7% from January, in part driven up by sharp increases in dairy prices. The Index, which is an indicator of the monthly changes in international prices of a basket of food commodities, is currently at its highest level since August 2018, but still nearly 2.3% below its value at the same month last year. TheFAO Meat Price Index was up slightly, supported by higher prices of. Read more...
Cherkizovo Group, Russia’s largest vertically-integrated meat supplier, has reported a 28% increase in pork volume sales in February, compared to the same period last year. Pork sales were also up 18% on a month-on-month basis, compared to January 2019. Chicken sales at the business were up 6% in February year-on-year (down 9% month-on-month). Turkey sales were down 10% on a year-on-year basis, however marginally rose (+2%) compared to the previous month. The company has seen significant fluctuations in price over the past year: turkey prices are some 50% higher than the same period the previous year, while chicken prices rose by 30% and pork. Read more...
"We must focus more attention on the promotion of healthy diets, especially now with the epidemics of obesity and overweight", says FAO Director-General, Jose Graziano da Silva. FAO and the Global Alliance for Improved Nutrition (GAIN) have agreed to join forces to increase the availability and affordability of nutritious food for all in developing countries. The agreement will need support from the private sector as small and medium enterprises (SMEs) are asked to promote market-based solutions as a key tool for improved nutrition. "We must focus more attention on the promotion of healthy diets, especially now with the epidemics of obesity and overweight.. Read more...
The Ministry of Agriculture of the Russian Federation will simplify the admission of small agricultural producers to the markets through amendments to the law “On retail markets”. Amendments to the law that will help implement these plans, experts have already prepared. Now, according to the ministry, farmers will have more maneuvers to expand their business, and administrative barriers will weaken. The essence of the changes is that the sellers' cards on the agricultural market for farmers and villagers who grow potatoes, vegetables or produce meat in their own farms will be canceled. Deputy Minister of Agriculture Oksana Lut, commenting on. Read more...
The export of agricultural products from Russia in 2019 could be reduced by 4%, in value terms - up to $ 24 billion, predicts the Institute for Agricultural Market Studies The main reason for the reduction in exports is a decrease in the volume of deliveries abroad of grain due to a decrease in its gross collection in 2018. Food imports will also continue to decline, and by the end of this year, it may decrease by 4.5% to $ 28 billion, says ICARD Director Dimitry Rylko. Last year, agroexport in monetary terms amounted to almost $ 25.1 billion, and imports are estimated at $ 29.3 billion. Thus, Russia is close to a zero trade balance, and this trend will. Read more...
Armenia’s pig industry is going through an especially hard time these days with rough competition, low prices and a government unsympathetic to agriculture. Some even fear the domestic industry could be on the verge of extinction. Over the last few months, average pork prices have been falling in Armenia against the background of rising import supplies from other member states of the Eurasia Economy Union member states, especially Russia and Belarus. The Armenian newspaperJamanakreported about that tendency late February. Armenian meat production A vast majority of Armenia’s population is Christian and hence has an appetite for pork. Last year,. Read more...
The doctrine of food security of the Russian Federation will be adjusted during 2019, taking into account new risks, including sanctions, writes RIA Novosti with reference to the message of the apparatus of the Security Council. The changes are designed, among other things, to deepen the integration processes within the EAEU and create a single customs space. It is emphasized that the development model of the agro-industrial and fisheries complexes is changing from import-substituting to. Read more...
Rosselkhoznadzor temporarily restricts deliveries of live pigs and pig products from Vietnam. Since March 5, 2019 the Federal Service for Veterinary and Phytosanitary Surveillance (Rosselkhoznadzor) has introduced temporary restrictions on the supply of live pigs and pork products from Vietnam due to the registration of African swine fever in this country. Outbreaks of a dangerous disease are confirmed by official data from the International Epizootic Bureau (OIE). Restrictions apply to domestic pigs, products of slaughter, used equipment for housing, sperm and embryos of domestic pigs. The exceptions are the following types of products that have been processed. Read more...
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