
Last week, the Russian market discussed the growth of food production and the acceleration of inflation;
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- Some experts have expressed fears that MEAT prices in RUSSIA could increase by 50-100% due to the new regulation of animal slaughter, but in general it is predicted that food prices may return to normal by mid-2022;
- The world market is discussing a new FAO plan to combat antimicrobial resistance, as well as price volatility in the Chinese pork market and the unstable epizootic situation in Germany.
- In the US, in the second part of November, the futures market of cattle meat and pork consolidated its rise with the previous growth at the beginning of the month. But, the dynamics of the increase in all exchange meat positions has changed. Quotations of cattle meat in live weight have slowed down the pace of their development upwards. In October, this cattle meat fully restored its maximum values at the beginning of 2020, and in November it reached new price records. Quotations of fattening cattle rose at the beginning of November in the smallest proportion, and in the last two weeks of this month increased the rate of growth to 6%. Significant fading of uplift energy in pork quotes, almost to 0.5%;
-In the EU for the week recorded an increase in prices in the market of beef cattle and pigs, as well as recorded a positive trend in the beef market. Broilers and chicken eggs in Europe have risen in price over the week.
- The Russian meat market last week showed a positive trend in the beef market; In the pork and poultry market, multidirectional dynamics persist in the wholesale and retail sectors.
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