May 31, 2021

Russia's meat exports increase 7.9% in Q1 2021


Russia exported 120 thousand tonness of meat in January-March 2021, 7.9% more than in the same period last year, according to the country's Federal Customs Service.


Export revenue increased by 14% to $207 million, of which 45% was pork, 37% was poultry and 16% was beef.


Pork shipments drove the growth, increasing 31% in physical volume to 48,000 tonnes and 59% in value to $93 million on the back of increased exports to Vietnam.


Yuri Kovalev, general director of the National Union of Pork Producers, told Agroexport: "In general, Q1 (pork) sales are at the level of Q3 and Q4 of 2020. In the first quarter of last year, deliveries to Vietnam were just beginning: as of January 1, only two Russian enterprises had access to the Vietnamese market, while by September, there were already 20."


According to Kovalev, the demand from Vietnam is now stable, while for exports to other markets, the shipment volumes are about the same as last year.


"Unless there are any emergencies of epidemiological and macroeconomic nature, we forecast Russian exports of pork and by-products in the range of 200-230 thousand tonnes by the end of 2021," Kovalev said.


According to the Federal Center Agroexport, the export of pork (including by-products) could reach 320 thousand tonnes (+59% by 2020) by 2025 due to the strengthening of the market position in Vietnam and the prospects for the opening of other markets, especially those in Southeast Asia, such as the Philippines.


The opening of the Chinese market to supplies of Russian pork products is not included in the forecast.


- Agroexport (Russia)

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