Russian poultry production may fall by 2% to 3% or 100,000 tonnes (t) in 2019, as the domestic market oversaturated and small-scale poultry farms have to cut production or even stop operation, according to an industry expert.
Russian veterinary watchdog Rosselkhoznadzor has banned all transit supplies of US poultry products through the country’s territory into Kazakhstan, claiming that some of these products are being re-exported back to Russia, by-passing the food embargo....
Russia’s largest meat producer, agricultural holding Cherkizovo, has revealed plans to build a major soybean crushing plant in the European region of the country, with the aim of achieving better production costs by optimising feeding practices.
Russia’s biggest meat producer, Cherkizovo, has been authorised to acquire a 75% stake in finished meat producer GK Samson and is seeking permission from the federal regulator to purchase several poultry farms from another firm, Prioskolie.
Russia faces a big spike in lamb production, as agricultural holding Miratorg steps up a major sheep farming project and Stavropol Farmer nears completion of potentially the country’s biggest lamb processing plant.
The Russian government has announced plans to allocate RUB3.42tn ($51bn) to support the domestic agricultural industry from 2019 to 2025, according to a draft decree posted on the official government website.
Average profitability for meat processors in Russia meat processors has hit one of its lowest levels ever, as the industry finds itself caught between high prices for raw materials and weak purchasing power among consumers.