July 25, 2022

 

Russia exported less pork in first half of 2022

 

 

Russian producers exported 81,600 tonnes of pork in the first half of 2022, 23% less (-24,100 tonnes) than the same period last year, according to Yuriy Kovalev, director general of the National Union of Pork Producers at the organisation's annual meeting.

 

The reduction in overseas shipments this year could increase the oversaturation of the domestic market, he warned, estimating that year-end exports could fall by 50,000 tonnes, more than 1% of consumption. "In a context of oversaturated markets, every such percentage has a huge negative impact on the domestic price environment," Kovalev stressed.

 

From January to June 2022, exports to Vietnam fell by 57% to 23.4 thousand tonnes. At the end of the same period in 2021, the country was the largest buyer of Russian pork (54.5 thousand tonnes). The decline was caused by the recovery of domestic production in Vietnam and relatively high prices in the Russian market. Logistical problems associated with COVID-19, which have intensified in recent months due to container shortages, have also continued to affect supplies. In addition, shipments are affected by the strong ruble, which makes export shipments unprofitable, Kovalev explained.

 

The main priority remains opening the Chinese market to Russian pork. Last year, China bought 3.5 million tonnes of pork products. Russia could supply the country with up to 250,000-300,000 tonnes, about 10% of Chinese imports in the next three years.

 

- Agroexport (Russia)

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