Russian market - Economy - Incubator

Prime Minister Mikhail Mishustin has stated that this year 600 billion rubles have been allocated to support agriculture. The funds will be used effectively, including the development of territories, genetics and breeding, as well as providing the industry with necessary resources.

Further investment and development of agriculture financing programs are planned.

Streamlining the procedure for granting water bodies for use has led to a decrease in fish catch, but an increase in fish production. Malaysia produces biomass and liquid fuel from palm oil. Preferential leasing of equipment for farmers has increased by 8.5% for the current year.

In Russia, the number of pigs has increased by 3%. The Yaroslavl region ranks 2nd, while egg production has decreased by 13.6%. The Rostov region is growing by 8.3%, and the Chelyabinsk region by 4%. The Arkhangelsk region has increased egg production by 1.5 times.

Japan has become the largest buyer of beef from the USA. Food prices are coordinated.

Krasnodar Krai is planning to restore the pig population lost due to African swine fever within three years. The cattle population has also increased due to the new livestock law. By investing over 2.3 billion rubles in agriculture, the region is demonstrating successful development of the industry.

Parliamentarians have developed a law aimed at combating counterfeit dairy products in government procurements. Acceptance documents must include information on a veterinary document for each batch. It is proposed to integrate the systems of the Federal Service for Veterinary and Phytosanitary Surveillance (Rosselkhoznadzor) and the Federal Treasury for information verification. The most common type of counterfeiting is the substitution of milk fats with vegetable fats. The bill is aimed at ensuring institutions with quality dairy products and preventing health-related issues for the population.

The Russian Federal Service for Veterinary and Phytosanitary Surveillance (Rosselkhoznadzor) is considering the introduction of a compartmentalization system (zoosanitary safety statuses) in poultry farming in Russia, similar to the existing system in pig farming. As reported by "Veterinary Medicine and Life", the head of the department, Sergey Dankvert, mentioned this at the department's final meeting. "What we did when particularly dangerous diseases emerged, when we awarded compartments for pig farming, is now being discussed."

The President of Russia has signed a decree on the establishment of a national center for genetic resources of agricultural animals based on the Federal Research Center for Animal Husbandry. The primary goal of the institution is the advancement of genetic technologies, ensuring food security, and promoting international cooperation. The focus will be on creating a catalog of valuable genetic samples.

In Russia, egg prices are expected to start decreasing thanks to the recommendations of the regulatory body. Major producers have agreed to lower wholesale prices, which will lead to a decrease in retail prices. The Federal Antimonopoly Service (FAS) will monitor the implementation of the recommendations to prevent collusion and anti-monopoly violations. The rise in egg prices since the beginning of the year has been significant, leading to antimonopoly investigations in ten regions. Egg imports have been introduced without duties, and domestic production has been increased to stabilize prices.

The export duty on barley in Russia will increase soon, while it will decrease on other grains. Fishermen will have a simplified tax deduction for several years. British sheep farmers are concerned about the spread of bluetongue. Ukraine is experiencing a shortage of high-quality soybean seeds.

In 2024, Russia plans to achieve a record meat consumption of 83 kg per person per year. The growth is driven by an increase in pork and beef production, but poultry production is showing a decrease. The changes are related to shifts in demand, prices, and limited supply. There are challenges associated with import policies and efforts to increase exports. The industry expects positive dynamics with government support.

Analysts from Forbes named the reasons for the unprofitability of the Russian agribusiness: rising costs, expensive loans, export duties. The profitability of agriculture has decreased to 18.9%. Animal husbandry looks more successful. There is a growing risk of market players leaving the market.

In the UK, on a farm in East Yorkshire, an outbreak of avian influenza has been detected. Authorities are addressing the issue by culling animals and enhancing control measures to prevent the spread of the disease. New veterinary inspections are scheduled for all affected farms. Only 4 cases of bird flu have been recorded in the country.