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Russia is one of the four largest meat producers, but prices continue to rise: how is this possible?

Date: October 3, 2024 Time: 07:28:19

Only the production of goat and lamb meats, which are not the most popular, has decreased, but beef and pork are breaking records.

Photo: Alexey BULATOV. Go to Photobank KP

Russia has become one of the four largest meat producers in the world, Prime Minister Mikhail Mishustin was pleased when listing our achievements in the field of agriculture during a meeting with the chairman of the board of directors of Rosselkhozbank, Boris Listov.

Without exaggeration. Plus, this isn’t even big news. Directories of international statistics (no, not ours, foreign ones, including even English Wikipedia) confirm this: in recent years, Russia has slightly overtaken India in meat production and now confidently occupies the same fourth place. Only agricultural monsters like China, the United States and Brazil remain ahead.

In general, there is no special miracle in this. For several years now, Russia has been among the world’s five largest producers of pork and poultry (it is already in second place for turkey) and among the top ten for beef.

In 2024, if we believe our native Rosstat, we should have even more meat. Only the production of goat and lamb meats, which are not the most popular, has decreased, but beef and pork are breaking records.

However, when talking about our production records, the average consumer is mainly concerned with the question of what will happen to prices: if there is more of something, maybe it will start to become cheaper?

According to Rosstat data, the price of chicken continues to fall (-4% compared to the beginning of the year), but after the price increase that scared many last year. The price of pork is increasing at a fairly humane rate, by today’s standards, plus 3% since the beginning of the year. Beef: almost more than 9%.

“Unfortunately, producer costs continue to rise (and in the case of some cost components) outpace inflation. Salaries, logistics, some types of components and equipment… And the fact that meat production in these conditions is not reduced, but rather is growing, is largely due to the expansion of exports, stated the director of the Center International Agribusiness and Food. security of the Russian Academy of National Economy told KP (RANEPA) Anatoly Tikhonov. – Despite very difficult external conditions (difficult logistics, difficulties with payments), our manufacturers are making their way into ever newer markets. They even reached China, which is the largest meat producer and strongly protects its market. We started supplying halal products to Asian countries. This financially supports our producers, contributes to the influx of capital into the industry and, in addition, increases the income of the rural population, which, frankly, has room to grow. And most importantly, it allows them to solve their problems not at the expense of a sharper increase in prices for Russian buyers. Of course, in such a situation, there is always the threat that someone will try to raise domestic prices closer to world prices. But our Federal Antimonopoly Service does not sleep and does its job honestly. And the government is aware…

ONLY NUMBERS

* This website provides news content gathered from various internet sources. It is crucial to understand that we are not responsible for the accuracy, completeness, or reliability of the information presented Read More

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.
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