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.
By initiating meat supplies to the European Union (EU) and China, Russia could increase its total meat exports from 300,000 tonnes (t) in 2017 to 1 million t in 2023, Alexey Gordeyev, deputy chairman of the Russian Government has claimed.
Russia imported 203,500 tonnes (t) of meat during the first half of 2018, a drop of almost 70% compared with the same period in 2017, the Federal Customs Service (FCS) said in a statement on its website on 15 July.