Products subject generate value
In 2024 year. Russia would sell about 800 000 tons of meat to customers outside Russia, in comparison with 649 000 ton in the previous year, as recently projected Rosselhozbank, the Russian state agricultural bank.
Nearly 70 proc. Russian exports of pork are meat, a 20 proc, that are subproducts, revealed Juri Kowalov, chairman of Russian Union of Pork producers. What interesting, almost all subject products of pork go to China and Vietnam, where their prices exceed pork. For example Kowalov revealed, that in accordance with agreements of 2024 year. with Asian customers the cost of pork was 2.5 USD per kg, and the cost of sub products 3 USD per kg.
Exports of ubiquitous products to Asia are an important factor increasing Russian exporters, indicated Kowalov. In Russia substance products are rarely consumed and before all they are milled into meat bone. Sales of bone products to Asia generate significantly greater revenues for Russian firms producing pork.
State protectionism
However the future of Russian pork exports seems slightly less clear. Some analysts point out, that governments in countries creating key markets and are incline more towards protectionism, trend, in which countries impose duties or other barriers in to protect their domestic branches of industry against foreign competition, which potentially may affect Russian exports of pork.
The world is increasingly recognizing the tendency to achieve food independence, therefore many countries are already trying to restrict imports of food for the development of their own agricultural-food industry, even if such products are more expensive than imported – said Sergei Yushin, director executive director of the National Meat Association.
Exports will double by 2030 year
By 2030 year Russian pork exports may double, projected Kowalov, in early December. Today exports about 5 percent of Russian pork. By the end of decade this level may increase to 10 percent.
Russian breeders of pigs reckon primarily on the increase of exports to China. According Smith, further expansion of sales in markets,
in which Russian pork is already present, seems not likely. He stressed however, that
the potential of the Chinese market is not fully exploited.
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