Pig farmers expect meat prices to rise below inflation

An increase in pork production in the first quarter of this year, as well as a reduction in its exports to foreign markets, will inevitably affect the rate of price growth in the domestic market, which is forecast to be below the level of inflation. This was announced by the General DIRECTOR of the National Union of Pig Breeders Yuri Kovalev at the XVI International Conference "Safe and high-quality compound feed as a guarantee of the effective development of livestock industries" ("Compound Feed - 2022").

Thus, according to the results of the first three months of this year, pork production in the country increased by 5.8%, thus forming an additional supply on the market. The zeroing of import duties at the end of last year led to the supply of pork to the market from abroad. The import of pork gave an additional volume of 7 thousand tons per month, or about 1%.

In addition, pork exports from RUSSIA continue to decline in the first quarter. According to the results of the first three months, the volume of deliveries abroad decreased by 42% compared to the same period last year. In the volume of production, exports accounted for about 5%, which means that another 2% of manufactured products remain on the domestic market.

“So now we have got even more than 6-7% additional supply in the market. This provides a good basis for maintaining an acceptable price balance,” said Yuri Kovalev.