A USDA’s Foreign Agricultural Service’s Global Agricultural Information Network (GAIN) report from the Russian Federation forecasted broiler meat production to grow marginally to 3.77 metric million tons (MMT), in 2017 as industry leaders optimize operations and gain market share over smaller farms hit by reduced profitability and limited credit options.
Considering the extension of the counter-sanctions food embargo on western suppliers through 2017 and assuming no dramatic changes in currency exchange rates, specifically in Belarus and Brazil, Russian broiler imports may stabilize at the 2016 level of 0.22 MMT, the GAIN report said. Domestic consumption will flatten at 3.83 MMT. Exports volume is expected to grow 14 percent to 0.16 MMT; however, the dollar value of these shipments is unlikely to increase at the same pace due to strong price competition in target export markets.
The reports “2016 Poultry and Products Semi-Annual” and “Poultry and Products Annual Report” are available here.
