World meat industry news

Pork prices fall in Russia

  • 22 Aug 11:32

Pork prices fall in Russia 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...

Russia Under Threat if U.S.-China Trade War Escalates, Experts Warn

  • 21 Aug 10:26

Russia Under Threat if U.S.-China Trade War Escalates, Experts Warn 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

  • 21 Aug 10:25

The Russian meat market is based on pork and poultry 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...

Experts called the food prices rise one of the outcomes of five years of embargo

  • 21 Aug 10:22

Experts called the food prices rise one of the outcomes of five years of embargo 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...

Ministry of Agriculture developed a bill on eco-products

  • 21 Aug 10:21

Ministry of Agriculture developed a bill on eco-products 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...

Russia Removes Belarusian Food Companies from Import Blacklist

  • 20 Aug 09:49

Russia Removes Belarusian Food Companies from Import Blacklist 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...

Don’t Bet on Russian Soybeans, Russian Expert Warns China

  • 20 Aug 09:47

Don’t Bet on Russian Soybeans, Russian Expert Warns China 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...

Over 27 tons of beef will be returned from Vladivostok to Argentina

  • 20 Aug 09:46

Over 27 tons of beef will be returned from Vladivostok to Argentina 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 store check for Russians in June increased to 556 rubles

  • 20 Aug 09:45

The average store check for Russians in June increased to 556 rubles 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...

Russian Animal Feed Additives Market Stirred by Government Policy

  • 19 Aug 08:06

Russian Animal Feed Additives Market Stirred by Government Policy 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...