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Russian meat exports will exceed 1 billion U.S. dollars in 2020

 
The Russian agricultural investor website reported on October 19 that Russian meat exports in 2020 will reach a record 590,000 tons, and the export value will exceed 1 billion US dollars. Russian experts analyzed that the meat market in Russia is becoming increasingly saturated and producers are looking for new distribution channels. The reasons for the growth of Russian meat exports include: first, the overall increase in international meat trade, and second, the price competitiveness of Russian meat products compared with other large international suppliers. In addition, the opening of new markets, especially the opening of Vietnam and Hong Kong, has played a certain role in promoting Russian meat exports. Experts say that Russian meat exports will account for about 6% of the total output, and this proportion may reach 10% in the future. By the end of this year, the export of Russian meat products (including by-products, semi-finished products and finished products) will be roughly equivalent to imports. Russia currently ranks 11th in the world in poultry exports. This year's export volume is about 280,000 tons, a year-on-year increase of 33%. Export volume will exceed imports for the first time. The export volume of Russian pork from January to September doubled to 143,000 tons, and the annual export volume may reach 200,000 tons.



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