Russian swine industry gets more profitable but consumption remains low
Import controls on pork imposed by Moscow have revived the swine industry in Russia but they could also represent a trap considering that the consumption is low and a price drop may put out of the business a great number of old, low productivity farms, according to the latest Genesus Inc global report on the industry.
"An 85 rubbles/kg liveweight (66¢/lb US liveweight) is leading to profits in the $35-50 per head range. Some expansion is underway, and Russia with abundant land and grain production costs should be globally competitive. If Russia prices ever drop to below breakeven, we expect many old, low productivity farms will go out of business", thinks Jim Long, President and CEO of Genesus.
Average pork consumption among the Russians is about 20 kg a year, half the amount consumed in Europe. "We believe if pork becomes cheaper and or Russian consumers have more money – Russia per capita consumption could increase significantly. Russia has 145 million people, an increase per capita consumption would mean the need for ever more pork production", said the President of Genesus Inc.
DPHA has seized nearly 150 tonnes of illegally imported pigmeat since September 2022 Along with ...
The proposed legislation would cover beef, soy, leather, palm oil and cocoa. Companies with a gl...
The aim is to agree on a uniform calculation of individual farm CO2 emissions as a basis for opti...
