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Russian meat and poultry prices rise

Russian meat prices have grown 5% on the average following the results of the first half of 2009.

Yelena Tyurina, General Director of the Institute of Agricultural Marketing (IAM), stated the price for meat will continue to go up, though at a slower pace – 1-2% per month.

According to her data, the pork has risen in price most of all – at 7%. Poultry prices have grown 5% and beef prices by 3%.

As Roman Kypot, analyst of the Institute of the Agricultural Market Trends (IAMT) related in his interview to Business.ru, the current growth of prices is connected first of all with the increase of price for the import meat due to the ruble devaluation. The import of meat to Russia remains significant, while its share is decreasing.

At the same time, the price growth for imported meat causes the growth in price for domestic meat, though not so fast. The high yield of the grain last year and a drop of price gave hope for saturation of the market by domestic pork. Private farms have raised plenty of young stock for the winter time.

Natalie Berkhout

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