In Russia, there is a noticeable increase in pork prices

Pork began to rise in price after broiler MEAT, prices for which have been strengthening over the past month, analysts said. At the same time, the cost of pork and livestock has been declining in recent weeks. In particular, in the 20th week, pigs fell in price by 3.5% on a weekly basis, half carcasses - by 15%. Compared to the prices of a month ago, livestock as of May 24 became cheaper by 7.5%, and half carcasses - by 2.9%. On an annualized basis, prices for pigs increased by 13.3%, for half carcasses - by 10.7%. 

Nikolay Aksenov, executive DIRECTOR of the National Union of Meat Processors, said that at the moment the price for half carcasses of the second category is 163-179 rubles per kg from the spot. Spread - up to 16 rubles / kg. Last week, producers selling pork at the upper end of the market added only 3 rubles/kg. At the same time, the demand of retail chains increases, since manufacturers raise prices for them much more slowly than for the wholesale link.

On the world market in the 21st week, prices for pork in half carcasses decreased by 0.9%, reaching $2.14 per kilogram. In CANADA, pork has risen in price by 4.3% due to a reduction in supply on the market, in other countries this type of meat has basically dipped in price in the last week. In RUSSIA, prices in DOLLAR terms rose by 7%. Livestock prices on the world market fell by 1.2% to $1.75 per kilogram. In Russia, in dollar terms, live pigs have risen in price by 6.7% to $1.49 per kilogram.

In April, the General Director of the National Union of Pig Breeders (NSS), Yuri Kovalev, said that marginality in pig production this year could remain at the level of 2022. He noted that consumer interest in animal fats and proteins is recovering, while in the past few years it has been declining in favor of plant products. This suggests that the situation on the meat market is stabilizing, Kovalev believes. The annual increase in pork production, according to the forecasts of the union, will continue until 2025.   

A representative of the Cherkizovo Group previously said that maintaining the availability of products for consumers will be among the priorities of the meat industry for 2023 and beyond. One of the factors that will affect the meat market this year is the dynamics of the population's disposable income, said Sergey Yushin, HEAD of the National Meat Association. According to him, while there is concern that they will stagnate or even decline. “Now those risks seem to be on the decline. Moreover, the disposable income of the population is expected to grow by 2-3% this year compared to last year. All these factors should support the demand for meat and meat products,” the expert commented.