Russian Meat Market Weekly Review by Meatinfo.ru: Week 37, 2024

Russian Meat Market Trends

According to Meatinfo.ru, the Russian meat market continues to show positive trends, with overall production and exports increasing.

Beef Market

Beef production rose by 7% year-over-year, primarily driven by higher demand from domestic and foreign markets.

Exports increased by 12%, with China remaining the major export destination.

Pork Market

Pork production remained stable, with a slight decline in live weight prices.

Exports decreased by 5%, mainly due to reduced shipments to China.

Poultry Market

Poultry production saw a significant increase of 10%, boosted by growing domestic consumption and increased exports.

Exports grew by 15%, largely driven by demand from Southeast Asian countries.

Market Drivers and Challenges

The Russian meat market is influenced by several key factors:

Drivers

• Growing domestic demand
• Favorable export conditions
• Government support for the meat industry

Challenges

• Rising production costs
• Depreciation of the ruble
• Competition from international markets

Outlook and Recommendations

The Russian meat market is expected to continue growing in the coming years.

To enhance the industry's competitiveness, the following recommendations are provided:

• Invest in modernizing production facilities
• Tap into new export markets
• Enhance collaboration between market participants

By addressing these challenges and leveraging the growth opportunities, the Russian meat industry can further strengthen its position in the global market.