World meat industry news

Russia-Africa Trade up 17% to over $20bn last year

  • 2 Sep 12:07

Russia-Africa Trade up 17% to over $20bn last year Russia’s trade turnover with African states reached $20.4 billion in 2018, up 17% compared to the previous year, a representative of the Russian Foreign Ministry toldTASSnews agency. According to the official, the majority of Russia’s trade operations with these states included Algeria, Egypt, Kenia, Cote d’Ivoire, Morocco, Nigeria, Senegal, Sudan, Tunisia and South Africa. “Trade-economic and investment partnership is one of the major areas of cooperation with African countries. In 2018, trade turnover with African states increased by 17.2% compared with 2017 to $20.4 billion. Russian exports amounted to $17.5 billion, while. Read more...

Import beef and poultry meat quotas at will not change in 2020

  • 2 Sep 11:57

Import beef and poultry meat quotas  at will not change in 2020 Quotas for import of beef and poultry into the Russian Federation in 2020 will not change. According to the draft government decree that Interfax reviewed, the quota for the import of beef will amount to 570 thousand tons, including 40 thousand tons of chilled meat. The quota for chilled beef is distributed as follows: 29 thousand tons - to the European Union, 11 thousand tons - to other countries. Part of the quota for frozen beef also has a country destination: 60 thousand tons each for the European Union and the USA, 3 thousand tons for Costa Rica and 407 thousand tons for other countries. The quota for import of poultry meat, as in previous years, will. Read more...

The Ministry of Agriculture expects an increase in meat production by 12.2%

  • 2 Sep 11:56

The Ministry of Agriculture expects an increase in meat production by 12.2% The Ministry of Agriculture expects an increase in meat production in the Russian Federation by 12.2% by 2024 compared to the indicator of 2018, up to 11.9 million tons. This is stated in the presentation of the analytical center of the Ministry of Agriculture, presented at the conference of the Cherkizovo group. As noted in the document, meat production in Russia amounted to 10.6 million tons in 2018, import was 0.8 million tons, export - 0.4 million tons. By 2024, meat imports are expected to drop to 0.7 million tons, and exports will grow to 1.2 million tons. At the same time, according to the results of 2018, the volume of domestic consumption is estimated at. Read more...

Competition in the EAEU meat market will escalate

  • 30 Aug 09:49

Competition in the EAEU meat market will escalate The EAEU promised to saturate the pork and poultry markets. This may aggravate competition between the countries of the union. In 2020, the Eurasian Economic Union should reach full self-sufficiency in pork and poultry meat. This was announced in mid-August by a member of the Board for Industry and Agriculture of the EAEU, Alexander Subbotin. The saturation of the EAEU market will inevitably lead to increased competition within the alliance. Today, its member countries account for more than 90% of Belarusian exports of meat and meat products, with over 80% of such products being supplied to Russia. The main meat producers in the EAEU are Belarus and the. Read more...

Pig production increased by 5.2%.

  • 30 Aug 09:49

Pig production increased by 5.2%. In seven months of this year, the production of pigs for slaughter in live weight in agricultural organizations of Russia amounted to 2.43 million tons, which is 5.2% (119.8 thousand tons) higher than the level of the same period in 2018. The main increase in production was provided by agricultural producers of Belgorod, Pskov, Voronezh, Kursk, Lipetsk regions. Read more...

Russia to set a 25% duty on pork import

  • 29 Aug 07:20

Russia to set a 25% duty on pork import From January 1, 2020, Russia will replace the tariff quota for pork import with a duty of 25%, FINMARKET.RU reports citing an interview with Director of the Department of Trade Negotiations, Ministry of Economic Development of the Russian Federation, published by Interfax. A flat tariff with a 25 percent duty is introduced in accordance with Russia's obligations to the World Trade Organization (WTO). At present, our country has a zero intra-quota rate and a 65 percent extra-quota rate for pork imports. Meat import quotas for Russia have been established since 2003. Now the quota for pork is 430 thousand tons per year, including 30 thousand tons of trimming,. Read more...

Miratorg loses weight

  • 29 Aug 07:20

Miratorg loses weight Active consolidation in agribusiness affects the balance of power among market players. According to Infoline, Miratorg Agribusiness Holding, the first in terms of revenue in the industry, may give way to Rusagro group in 2019. Цршду Miratorg’s revenue can grow by only 7%, to 119.41 billion rubles, then Rusagro’s turnover after several mergers and acquisitions will increase to 120–125 billion rubles. The three largest agricultural holdings in Russia in terms of turnover in 2019 may change, follows from calculations in the Infoline rating. According to analyst Victor Linnikov, the first is the Miratorg Agro-Industrial Holding with revenue 111.6. Read more...

Russia granted right to supply beef to Brazil

  • 28 Aug 10:21

Russia granted right to supply beef to Brazil Supplies from Russia to Brazil as supported by the certificate may start immediately Russian producers have been granted the right to supply beef to Brazil, the agricultural watchdog said in a statement on Tuesday. "A veterinary certificate was signed during the bilateral meeting of Russia's Federal Service for Veterinary and Phytosanitary Supervision and the Secretariat for Plant and Animal Protection of the Ministry of Agriculture, Livestock and Supply of Brazil on export of beef and beef products," the regulator said, adding that supplies from Russia to Brazil as supported by the certificate may start immediately. The watchdog added that first. Read more...

Putin Raises Concern about Slow Real Incomes Growth

  • 28 Aug 10:18

Putin Raises Concern about Slow Real Incomes Growth 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...

Beef prices reached a record level in July

  • 28 Aug 10:15

Beef prices reached a record level in July 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...