The Bank of Russia is gradually reducing inflation.At the same time, in the process of restructuring the economy, price growth may remain elevated for some time.This was stated by the head of the Bank of Russia Elvira Nabiullina, writes The DairyNews with reference to the telegram channel of the Central Bank. “In terms of inflation, we plan to reach the target of 4% in 2024,” she said.- Floating exchange rate has great advantages.We have seen in previous crises how it absorbs shocks and helps the economy adapt to changing external conditions.This is happening now.” She also noted that the strengthening of the ruble, which occurred in the second. Read more...
Additional biosecurity measures, such as movement restrictions and rotating shifts, were suggested to poultry farms in the Amur River Region. The guidelines were published on the website of the Veterinary Administration of the Amur River Region in response to the increased risk of an outbreak of bird flu. “One of the most infections diseases has been simultaneously registered in three regions of the Far East, which means the increased risk of bird flu outbreak in the Amur River Region,” the veterinary department said in a statement. Bird flu caused quarantine zones to be established in Sakhalin and Magadan regions, and in the Khabarovsk Territory. The two. Read more...
The Russian government instructed the Ministry of Agriculture, together with the interested federal executive bodies and the business community, to develop a road map to provide the food industry with domestic packaging.This became known following a meeting on the production of domestic cardboard and polymer packaging chaired by Deputy Prime Minister Victoria Abramchenko. The discussion was attended by representatives of the Ministry of Industry and Trade, the Ministry of Agriculture, other interested federal executive bodies, industry associations, the business community - manufacturers of finished products and packaging materials. During the meeting, the. Read more...
Consumer prices rose by 0.18% over the month.Adjusted for seasonality, their growth decreased to 0.13% compared to September, the press service of the Bank of Russia told. At the same time, non-food products fell in price due to a decrease in the propensity of households to consume.The prices of a number of foodstuffs decreased due to the expansion of supply.Services, on the contrary, have risen in price, including due to one-time factors in the passenger transportation market. Annual inflation slowed down again, to 12.63% in October.The ongoing monetary policy will create conditions for its further reduction - to 5-7% in 2023 and to 4% in 2024. Almost all major food. Read more...
Russian halal meat producers are 10% of the national total with producers looking at export markets in the Middle East & South Asia Russian exports of halal products to Persian Gulf countries and Egypt could grow by more than six times by 2030 compared to the 2020 figure, the head of strategic communications and product promotion at Russia’s Agroexport Center, Andrei Kucherov has stated. “Russian exports of halal products to Persian Gulf countries, as well as Egypt, reached US$116 million in 2020. Confectionary products made up the main share, 59%, and meat products accounted for 40%. It is expected that the amount of Russian exports of halal. Read more...
The volume of exports of Russian agricultural products at the end of the year will again exceed imports. First Deputy Minister of Agriculture Oksana Lut said this at the international forum World Quality Day 2022, Prime reports. The country first became a net exporter of agricultural products and food in 2020 and retained this status in 2021. According to Loot, now the volume of exports of Russian agricultural products in monetary terms is 13% more than a year ago. At the end of September, Loot estimated that exports of agricultural products by the end of the year could exceed $40 billion. Last year it amounted to $37.1 billion. “Our products are loved. We just. Read more...
The Russian government has submitted a bill to the State Duma for consideration, which provides for the introduction of criminal liability for intentionally infecting farm animals with pathogenic microorganisms. The change is proposed to be made to articles 205 and 281 of the Criminal Code of the Russian Federation (articles “Terrorist act” and “Sabotage”). According to the proposed changes, the use of pathogenic biological agents will be regarded as a terrorist act. In addition, liability is expected to be introduced for encroachment on potentially dangerous biological objects. The maximum penalty for this offense is life imprisonment. Causing. Read more...
Meat in Russia is produced more than we can eat. And a further increase in production may even lead to lower prices, says the head of the executive committee of the National Meat Association, Sergei Yushin. Moreover, feed is now inexpensive: due to the huge grain harvest, its prices have decreased. However, not all experts agree with this point of view. After a decline last year (due to outbreaks of bird flu and African swine fever), this year the production of poultry and pork began to rise again. Because of this, the average wholesale prices for these types of meat in early November were 5-25% lower than the price level a year earlier, says Yushin. For example, a. Read more...
Vietnam has included the 27th company from Russia in the register of pork suppliers Rosselkhoznadzor. The decision was made on Thursday, November 10, based on the results of an examination of the production of a potential exporter. Currently, 27 domestic producers of pork and its products have the right to enter the Vietnamese market. Rosselkhoznadzor and DAH continue negotiations on expanding the range of livestock products suppliers. Read more...
Russian grocery chains reduced margins on socially important goods from 22% to 6%. The average markup level for the cheapest goods fell in 11 retail chains. This was announced by the head of the Federal Antimonopoly Service (FAS) of Russia Maxim Shaskolsky. The list of socially significant goods in the food basket is determined by Rospotrebnadzor. This list includes milk, bread, eggs, sunflower butter, flour, potatoes, tea, sugar, chicken, beef and pork - more than 20 types of inexpensive products in total. Since March 2022, the FAS has allowed chains to sell a limited number of a number of essential products in one hand: sugar, vegetable oil, salt, pasta, flour,. Read more...
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