November 11, 2009

 

Russian pig breeding industry looks at slow but steady growth this year


 
The number of pigs in August increased by 1.3 percent compared to the previous month and by 6 percent compared to the same period of last year. In total, from the beginning of the year the number of pigs in Russia increased by 22.6 percent.

 

The total volume of pork production in Russia during January-August 2009 increased by 18.6 percent compared to the previous year. In August, the level of pork production increased by 27 percent compared to January 2009, however it fell by 9 percent compared to July 2009.

 

A similar trend was observed in the case of pork imports. In August, the volume of imports decreased by 9 percent compared to July, however they increased by 2.7 times compared to January 2009.

 

In August, pork wholesale prices in Russia amounted to RUB115.6 per kg, which is 0.5-percent lower than in July and only 0.8-percent higher than in January 2008.

 

The consumer prices amounted to RUB228.9 per kg, which is 0.3-percent higher than last month and 2.7-percent higher than in January. The average price for live pigs from the beginning of the year grew by only 5 percent.

 

US$1 = RUB28.71 (Nov 11)