Demand for pork goes down as prices drastically increase in Russia; sales volume decreased by 8% last week as 18% of Russians can't afford same amount of pork as two months ago, 3% stopped buying the meat completely; poultry demand now on the rise
June 23, 2014
(Industry Intelligence Inc.)
– Due to pork prices drastically going up, the demand for pork has been dropping in Russia, Global Meat News reported June 23.
According to industry observers, many factors have contributed to the price hike, including recent restrictions on European pork imports and live pigs in the U.S., the African swine flu epidemic, and strict rules of pork production on small farms in the Customs Union.
The sales volume for pork decreased by 8% in Russia just last week, as many people in Russia can no longer afford the meat.
A recent social research also showed that about 18% of Russians cannot afford to buy the same amount of pork they did just two months ago, and 3% have had to stop purchasing pork completely, according to Global Meat News.
The demand for poultry has since been on the rise as well.
As a result of the pork price increase and import bans, pork has also been smuggled to Russia from Ukraine, Poland and the Baltic States.
“Tough veterinary demands for pork, which also make prices higher in Russia than in other countries, are providing an additional incentive for smugglers, who see an opportunity to reap the benefits,” said Sergey Yushin, head of the National Meat Association’s executive committee.
The primary source of this article is Global Meat News, Crawley, England, on June 23, 2014. Click here to read the primary source's full version of the article.