July 27, 2009

Russian meat prices in the first half of 2009 have increased 5 percent on the average. 

Yelena Tyurina, general director of the Institute of Agricultural Marketing (IAM), said meat prices will continue to rise albeit at a slower pace of 1 to 2 percent per month.

According to Tyurina, pork has posted the highest increase at 7 percent while poultry prices have grown 5 percent and beef prices by 3 percent. Roman Kypot, analyst of the Institute of the Agricultural Market Trends (IAMT) related said current growth of prices is connected first of all with the increase of price for the import meat due to the rouble devaluation.

Russia's meat imports remain 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 slower. High yield of grains 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.