Russian Beef Production Topples Further

AUSTRALIA - A 12 year decline in Russian beef production has limited the availability of beef in the Russian market. As a result, beef prices have spiked and the Russian government has been forced to lift a meat ban on Poland and look to Latin America to source higher volumes of product.
calendar icon 27 March 2008
clock icon 1 minute read
Meat & Livestock Australia

Meat and Livestock Australia, reviewing a report by the United States Department of Agriculture, have said that Russian beef production fell 4% year-on-year during 2007 as poor cattle husbandry, low feed stocks, high grain prices and general negative returns hampered investment in the area. The USDA has forecast beef production to decline a further 3.5%, to 1.3 million tonnes cwt in 2008 – in line with a forecast 3.5% fall in cattle inventories (to 18.4 million head).

The USDA anticipates Russian beef consumption to remain flat in 2008, at around 2.5 million tonnes cwt, as the steady increase in beef and pork prices continues to dampen red meat consumption.

According to the USDA, Russian frozen beef imports increased 25% during the first nine months of 2007 compared with the same period in 2006, to 488,000 tonnes. Of this total, 66% was imported from Brazil, 16% from Argentina and 8.5% from Paraguay, while Australian frozen beef contributed 1,145 tonnes.

Russia introduced a ban on Polish meat and plant products in 2005, reporting that Polish exports did not meet Russian food safety requirements. On 17 January 2008, the Russian Minister for Agriculture signed a memorandum to lift the ban. Polish meat exports to Russia are expected to reach 45,000 tonnes per year.

TheCattleSite News Desk

© 2000 - 2024 - Global Ag Media. All Rights Reserved | No part of this site may be reproduced without permission.