Increased meat production in Russia: what does this mean for prices?

In recent years, RUSSIA has been actively increasing MEAT production , which certainly affects the market. In particular, there has been a significant increase in pork production and a recovery in poultry production. These changes became the basis for analyzing the current situation with meat prices in the country.

Increase in meat supply

According to information from the National Meat Association, the supply of meat in Russia has increased significantly. This is due to the fact that producers were able to satisfy the growing demand of Russians for meat products. As Sergei Yushin, HEAD of the association’s executive committee, noted, prices for poultry meat have decreased by 1-3% since the beginning of 2024 . For example, legs fell in price by 10% compared to the summer of 2023, and chicken fillet fell in price by as much as 17%. This indicates that the market is adapting to changing conditions and consumer preferences.

Seasonal price fluctuations

INFOLine agency analyst Svetlana Silenina draws attention to the fact that the decrease in meat prices is also associated with seasonal factors. The summer period is traditionally characterized by an increase in the supply of fresh products, which leads to lower prices. However, despite this, overall meat prices are still higher than last year. For example, pork prices rose at the beginning of 2024, although some parts, such as ham and shoulder, fell by 9%.

Pork and chicken market: what's next?

According to the analytical agency N-Tech, in the first quarter of 2024 there is an increase in meat prices compared to the same period in 2023. This may be due to various factors, including inflation and changes in demand. it is important to note that the price of a kebab set, which includes various types of meat, may vary depending on the region. This suggests that consumers should be prepared for price fluctuations depending on where they buy.

Forecasts for the future

According to expert forecasts, in the summer of 2024 we can expect a further reduction in the price of pork and chicken. This is because manufacturers will be looking to increase production volumes to meet consumer demand. However, it is important to remember that the meat market is subject to many factors, including changes in agricultural policy, currency fluctuations and climatic conditions.

Despite current downward trends in meat prices, the future remains uncertain. Consumers should monitor changes in the market and be prepared for possible price fluctuations depending on various factors. Ultimately, increased meat production in Russia is a positive signal for consumers, which could lead to more affordable prices for quality products.