NOT GOOD IF YOU ARE A RUSSIA HOUSEWIFE .... 25% jump in the prices of chicken meat in Russia in August The Russia experienced a jump in prices of poultry meat of almost 25% during the second fortnight of August, following the trade restrictions imposed by the Government of the country at the beginning of last month, according to Russian news agencies. The Russian Federal Anti-monopoly Service (FAS) has already initiated a series of market inspections, under the suspicion that prices are increasing due to fraud. The increase in the prices of production of chicken meat can be attributed to the embargo and an incomplete import substitution, but the Russian Government suspects that the main reason for the increase in prices is fraud, said the Deputy Head of the Department of Monitoring of the chemical industry and Agriculture of FAS. There is a tendency for prices of chicken increase, because when Russia banned imports of pork and bovine, producers of semi-finished and finished items of carnes have switched to the use of chicken, said the Executive Director of the Association of retail companies, Andrew Karpov. This rapid growth in demand for poultry may have raised the price increase. Following Russias decision in early August to significantly increase food imports from Brazil, the Brazilian chicken meat prices should increase faster than other segments of protein, because it represents the biggest gap being filled for Russia. The United States were the largest exporters of chicken meat to Russia in 2013, with 266 thousand tons of a total of 527 thousand tons imported, while Brazil 54 thousand tons to only boarded the Russians last year. The bird cuts with increased demand in Russia, as clq, should show the biggest price rises immediately
Posted on: Fri, 05 Sep 2014 02:26:46 +0000
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