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Russian demand for meat on the rise

22 January 2018

Demand for meat in Russia has increased due to the decline of pork and chicken prices

Meat production in Russia continues to grow steadily and the large-scale farms and corporate agricultural companies are the main contributors to this success. According to the EMEAT agency data, production volume of the main types of meat (pork, beef, poultry, lamb and goat) in Russia amounted to 7,048.2 thousand tons in slaughter weight for the period from January to November 2017, which is 7.1% or 465.2 thousand tons more than for the same period in 2016.

As a result of eleven months of 2017, pork accounted for 35.1% of the total volume of industrial meat production, poultry for 58.0%, beef for 6.7%, lamb and goat for 0.2%.

At the end of December 2017, the price of domestic pork was 138.3 RUB / kg (1.99 euro / kg), which is 13.6% lower than in the same period last year. During December 2017 the price has increased by 2.2%.

Chicken carcass prices decreased by 13.9% during the year (from the end of December 2016 to the end of December 2017) and amounted to 95.9 RUB / kg (1.38 euro / kg) at the end of December 2017. However the price increased by 0.5% during December 2017.

Thus, despite the December pre-holiday price increase, in general pork and chicken prices decreased in 2017. In a situation where market was flooding with pork and chicken and competition among producers was increasing (producers constantly had to resort to different types of special offers to increase the demand for their products), prices were pushing down. As a result, demand for meat has increased among the customers who are already accustomed to living in the conditions of the economic crisis and who have learned to spend money reasonably. However, EMEAT believe that this tendency is temporary, and if prices rise again, demand for meat will decrease.

Information-Analytical Agency EMEAT is currently one of the leading companies providing the latest economic information on the state of the Russian and foreign meat markets. In recent years, their company has moved from a trading platform to diversified information group offering a broad range of consulting services to domestic and foreign meat market participants.

Originality, timeliness, accuracy and completeness of market analysis are the top priorities of EMEAT. The company’s staff has a great deal of knowledge, experience, and insight into the issues of the agricultural market. We also possess extensive databases on the foreign and domestic markets production, imports, exports, prices, logistics, meat consumption levels by region and company, market competitors, and market size. EMEAT information products became an industry standard for the Russian meat market.

Due to the specialized profile and a holistic view, EMEAT provides exceptional information services to the basic segments of the meat market – pig, poultry, and cattle farming. Our clients are the leading Russian and foreign companies, a number of Russian banks and government agencies.

As reported by EMEAT.

 





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