From January 1, 2024, the Russian Federation introduced a duty-free quota for the import of 140 thousand tons of chicken meat

However, experts have expressed concerns that supplies may be disrupted as domestic chicken producers have begun to reduce prices for their products. Based on this, it is possible that the demand for imported chicken MEAT will fall.

The Ministry of Agriculture proposed to set a quota of 160 thousand tons, but the EEC Council agreed to a volume of no more than 140 thousand tons.

We are talking about frozen boneless chicken meat, as well as boneless breasts and pieces of them (codes 0207 14 100 9 and 0207 14 500 9 in the EAEU HS ). The basic import duty for these products is 80% of the customs value.

Imported poultry meat , within the framework of this quota, is intended for the production of finished products, including baby food . The Ministry of Agriculture will confirm the intended purpose and issue permits for the import of these products.

The main goal of the measure taken is to provide the Russian meat market with raw materials for the production of finished products and to curb price increases. According to Rosstat, from the beginning of the year until December 25, prices for chicken meat increased by almost 28%.

In addition, the EEC Council also approved for RUSSIA for 2024 a tariff exemption for the import of no more than 100 thousand tons of beef without paying import duty. This volume corresponds to the figure for 2023. The base rate for the import of these products is 15% of the customs value.

However, as Albert Davleev, president of the consulting company AGRIFUD Strategies, noted, it is necessary to take into account that the decision to import chicken meat applies exclusively to supplies from friendly foreign countries, such as Asia.

Thus, new measures on import quotas for chicken and beef meat in the Russian Federation may have an impact on the market and prices for these products, but their implementation may be complicated due to lower prices from domestic producers.

“However, it is not a fact that such deliveries will take place at all, since they may lose their meaning, as was the case with beef: producer prices for poultry meat in Russia have been going down since mid-October, ordering a product in Brazil or CHINA and its delivery will take several weeks, and by that time Lent will have already begun , when the entire meat market is going down. As a result, the preferential product will simply become more expensive than domestic chicken or Belarusian chicken, which is successfully sold on the Russian market," he concluded.