Russian Beef Imports Forecast To Rise
AUSTRALIA - Local Russian beef production is expected to continue to fall (with a consequent rise in imports) as a result of the continued low levels of government support to the industry – this is despite local government efforts in recent years to increase credit subsidies to meat producers.
15 March 2010
1 minute read
According to local producers, current state subsidies to agriculture account for no more than one per cent of Russian gross domestic product – a low figure when compared to the EU’s 40 per cent and neighbouring Belarus’s 27 per cent.
Meat and Livestock Australia reports that the United States Department of Agriculture (USDA) predicts that Russian beef production is expected to continue its long term fall as a result of the industry’s low profitability and lack of investment. However, pork and poultry production has improved, given its higher margins and easier productivity increases.
The USDA forecasts total beef imports to rise 11 per cent to 780,000 tonnes cwt in 2010 after falling 38 per cent in 2009.
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