World meat industry news

Will privileges on pork imports be extended?

  • 26 Oct 10:23

Will privileges on pork imports be extended? The Ministry of Agriculture does not intend to extend the duty-free import of pork for next year, the ministry said. What happened * The reason is that there is enough local pork in the country. * In January-September 2022, production growth reached 6.2%. * Such dynamics of meat production contributes to the fact that selling prices in the country remain stable. Details At the end of last year, the subcommittee on customs and tariff regulation approved a tariff exemption for the import of frozen pork up to 100 thousand tons (for the first half of 2022), and frozen beef - up to 200 thousand tons (for the whole year). Context The subcommittee. Read more...

China President Xi Jinping Actively Promotes Trade & Investment With Russia As Chinese Policy

  • 26 Oct 10:22

China President Xi Jinping Actively Promotes Trade & Investment With Russia As Chinese Policy Significant opportunities exist, but market research and legal due diligence should be undertaken by Russian businesses engaging with Chinese partners With the Chinese Communist Party Congress now over, a number of key steps were taken not just in terms of ushering in a new politburo but also emphasizing China’s trade policies in addition to other matters. In fact, China’s economic development was labelled a ‘top priority’ for the new Five Year Plan, a fact overlooked by many Western analysts who prefer to engage with political speculation as it is both easier to write and finds a ready market. However, it is the trade aspect that will. Read more...

Entering a new level: how lamb production is being established in the North Caucasus Federal District

  • 26 Oct 10:21

Entering a new level: how lamb production is being established in the North Caucasus Federal District A plant for slaughter and processing of lamb was launched in the North Caucasus Federal District. Now the production volumes of this type of meat in the Russian Federation are insignificant. Experts believe that the demand for lamb can grow due to increased availability and quality At the end of September 2022, in Karachay-Cherkessia, the Damate group opened a new mutton slaughter and processing plant with a capacity of 25,000 tons per year. The enterprise was modernized for 3.4 billion rubles as part of the company's project for the production of lamb in the North Caucasus Federal District. The Damate project, which the company has been implementing since. Read more...

Russia to extend tariff privileges for beef imports in 2023

  • 25 Oct 11:17

Russia to extend tariff privileges for beef imports in 2023 The Ministry of Agriculture will extend the quota for the import of boneless beef with a duty of 0% for 2023. This was reported to Izvestia in the department. This decision was made in response to the request of meat processors. According to experts, the measure will help curb price increases, which could reach 20-30% if the quota was cancelled. Producers also asked to establish a zero duty on imports of up to 100 thousand tons of pork per year, but the Ministry of Agriculture did not support this initiative. plus year Tariff benefits with zero import duty on imported beef will be extended to 2023, the Ministry of Agriculture told Izvestia. They specified that such a. Read more...

Scientists have found out which meat is the most useful

  • 25 Oct 11:15

Scientists have found out which meat is the most useful Scientists from the Biological Institute of Tomsk State University (TSU) told which meat is the most useful. Turns out it's not beef or pork. The press service of TSU reported about the trend that has spread in Asia and Europe - eating invertebrate meat. In the Russian Federation, this direction is at the beginning of development, but it has prospects. According to the leading researcher of the Institute of Systematics and Ecology of Animals of the Siberian Branch of the Russian Academy of Sciences Sergey Chernyshev, animal proteins are extremely important for people to ensure life. At the same time, he called invertebrate animals for these. Read more...

Russians are seven times more likely to buy meat than fish in 2022

  • 24 Oct 10:23

Russians are seven times more likely to buy meat than fish in 2022 According to the results of January-September of this year, Russians bought meat seven times more often than fish, while citizens began to purchase natural products more often, according to Sbermarket data. “Among all fresh products, vegetables are the most popular. They account for about a third of all fresh products sold. In 20% of cases, fruits are purchased, in 16% - milk and dairy products. Following them in popularity is meat (12%), it is noteworthy that it is bought 7 times more often than fish, ”says a study of orders for fresh goods (milk, meat, fish, herbs, fruits, vegetables) in Russia. It is noted that when buying meat, the choice of Russians. Read more...

Bank of Russia: Export growth slows down as imports recover

  • 24 Oct 10:21

Bank of Russia: Export growth slows down as imports recover In the third quarter of 2022, the value of exports of goods and services significantly slowed down annual growth compared to the second quarter, the press service of the Central Bank told. This was due to a slowdown in world prices for many commodities.The physical volume of exports declined due to increased external restrictions and weakening global demand. The dynamics of imports of goods and services improved in the third quarter.This was facilitated by the reorientation of companies to alternative suppliers, the activation of parallel imports and the. Read more...

What will happen to prices this winter

  • 24 Oct 10:19

What will happen to prices this winter After a sharp rise in prices at the beginning of the year due to a failure in supply chains, high-profile and not very brand departures, rush demand in different segments of goods, starting from mid-summer, Rosstat began to report the beginning of deflation (price reduction). First of all, this applied to food products: if in March sugar cost 120 rubles per kilo and its sale "in one hand" was limited by retailers to one or two kilograms, now you can safely buy it in any quantity for 60-70 rubles. However, prices began to decline for other groups of goods: cars, and partly equipment. Under the influence of what factors prices are currently being formed in Russia. Read more...

Wholesale pork prices keep declining

  • 24 Oct 10:17

Wholesale pork prices keep declining According to the report of the National Union of Pig Breeders, save for brisket and trimmings, the wholesale pork market has seen a decline in prices within the week of October 10 – 16, 2022. The average price for live pigs was set at 119.2 rubles per kg, which is 7.15 rubles (5.8%) lower, than the week before. The average price for a half-carcass decreased by 7.92 rubles (4.8%) to 170.22 rubles per kg. Pork leg prices dropped to 232.86 rubles per kg, losing 3.09 rubles (1.3%) over the week. The decline in prices was driven by two aspects: an increase in pork half-carcass stocks and slumping demand. “After the launch of a new slaughterhouse in Voronezh. Read more...

Russia, Turkmenistan To Launch Container Service Along INSTC

  • 24 Oct 10:16

Russia, Turkmenistan To Launch Container Service Along INSTC Russia and Turkmenistan are planning to launch a regular container service along the International North-South Transportation Corridor (INSTC), according to Oleg Belozerov, the CEO of Russian Railways. Turkmenistan officially joined the INSTC last monthand has a Caspian Sea Port at Turkmenbashi, which provides rail access to Uzbekistan and further east to China. Russia’s Caspian sea ports are on the Caspian northern coast in the Astrakhan region and additionally provide shipping access to the massive Volga River. The INSTC also bisects Iran from its Caspian sea ports at Chabahar and Bandar Abbas on the Persian Gulf and connects with the Middle East, East. Read more...