News update:Mar 9, 2016

Russian poultry prices predicted to jump 20%

The price of poultry in Russia may jump by about 20% in 2014 due to the fall of the national currency and the general deficit on the country’s meat market. The meat deficit has already started to push up the prices of pork and beef, experts of the analytical agency Agroconsalt have warned.

Since the beginning of the year the exchange rate of the dollar to the Russian ruble rose by 12% which promises the high level of inflation this year.

In additional, Russia has banned or partly restricted meat imported from almost all its main trade partners. As a result the price of pork in the country already increased by 20%, while the price for beef rose by 10%.

So far the price of poultry remains steady but it depends on the prices of other types of meat.

Experts suggest that the average price for poultry producers is likely to rise from the level of 69,000 rubles (US$1,906) per ton at the end of 2013 to not less than 80,000 rubles (US$2,210) per ton by the end of 2014.

At the same time experts say that the rising price may benefit poultry producers who are currently suffering due to the lack of profitability.

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