The Ministry of Agriculture spoke about the measures taken to stabilize prices for meat products
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In particular, a "floating" EXPORT duty on grain was introduced, and livestock enterprises will receive an additional 10 billion rubles to compensate for part of the cost of purchasing feed
Russian livestock and MEAT processing enterprises operate in conditions of rising costs, so the Russian government has taken a number of measures to stabilize prices for meat products. This is stated in the message of the Ministry of Agriculture.
"Since 2020, livestock and meat processing enterprises have been operating in conditions of significantly higher costs due to higher prices for feed additives, electricity, transport services, packaging, casings and other cost components," the ministry said.
"To stabilize the price situation in the market of meat and meat products, the Russian government has taken a set of measures," the department recalled. Thus, this year a "floating" export duty on grain was introduced, and the import of the main feed component - soybeans and soybean meal - was extended for a year. In addition, livestock breeders have access to preferential "short" loans for the purchase of grain, meals, premixes, vitamins and amino acids, as well as preferential investment loans for the construction, reconstruction and modernization of livestock facilities.
In addition, in 2021, livestock enterprises will receive an additional 10 billion rubles of subsidies to compensate for part of the cost of purchasing feed. From 2022, the distribution of state support funds will be carried out with an emphasis on this sub-sector of agriculture, which will increase meat production and avoid price fluctuations.
On October 21, the Izvestiya newspaper wrote that more than ten of the largest meat processing companies have notified retailers of a 7-20% increase in prices for their products from late October - early November. According to the publication, manufacturers explain what is happening with a rise in the price of raw materials, packaging, detergents, egg melange and a number of other reasons.