Rising Meat Prices in Russia: Main Reasons and Forecasts for the Future

The main factors contributing to the rise in MEAT prices can be divided into several categories:

1. Increase in production costs: Key components such as feed, veterinary drugs and equipment have become significantly more expensive. For example, the cost of livestock feed has increased due to the rise in the price of grain and other crops.

2. Logistics costs: Increased transportation costs and difficulties with delivery also affect final meat prices .

3. Supply and Demand: The market is subject to fluctuations depending on the economic situation and changes in consumer preferences.

4. Import quotas: In 2024 , Russian authorities will introduce a quota for duty-free import of meat in the amount of 140 thousand tons. As of mid-November 2024, permission to import 75.3 thousand tons has already been issued, which can help eliminate domestic shortages, although this does not always lead to lower prices.

Economist Konstantin Kalugin predicts that meat prices will continue to rise in 2025 due to ongoing factors such as global inflation and changes in international trade. Consumers should be prepared for further price increases, and producers need to optimize costs and improve efficiency to ensure the availability of quality meat.