Growth in prices for pork in Russia exceeded the growth rate of prices for other products 7.5 times

In early July, the Russian pork market is characterized by the state, far from the balance of supply and demand.

Starting this month marked a new jump in prices. According to the monitoring IAA "IMIT" from June 23 to 30 wholesale price of pork in half in the central regions of Russia increased by more than 6%, and live pigs per week went up by 7%. This increase in prices of virtually leveled progressive reduction in the cost of this type of meat that has been observed since the beginning of May this year. Thus, the wholesale price of live pigs and pork slaughter weight in just one week, rebounded to the level of a month ago. The two main factors holding today pork prices are at record levels in our country are seasonal increase in demand and shortage in the market resulting from the ban on the import of pork from Europe, as well as a number of other restrictions on imported products imposed Rosselkhoznadzor. Proposal from the Russian pig to date is limited and it is not able to satisfy the needs of the population in the form of meat to the full.

Wholesale prices for other meats also showed growth over the last month. If the price of beef does not have high volatility, the price of chicken meat in the last month increased by more than 5%.

situation with an abrupt increase in the wholesale price of pork was reflected in retail. By the end of May 2014 the price of pork in stores increased by almost 10% compared to April, while other types of meat rose by an average of 1.5%. Thus, in May this year, growth in pork prices exceeded the growth rate of prices for other goods the food basket used in the calculation of the minimum subsistence level by 7.5 times.

Source: Agroperspektiva