Pork Production Will Continue to Grow This Year in Russia
In the coming year, the National Union of Pig Breeders (NSS) expects an increase in pork production by at least 5%. This will guarantee stagnation, and, possibly, a further decline in prices for this type of meat, Yury Kovalev, general director of the NSS.
According to Kovalev, last year the main event for pig production was the decline in grain prices in the second half of the year due to a huge harvest, reduced exports and a stable ruble, it fell by a third compared to the first half of 2022.
“This stopped the growth in the cost of pork production, which was observed in the first half of 2022, and made it possible to maintain the profitability of the pig industry against the backdrop of a decrease in wholesale prices for pork,” the head of the union notes.