Too much pork? 🥩

🇷🇺 In 2023, the Russian pig industry could face its very first oversupply crisis, so pig farmers are advised to establish their own slaughterhouses and meat processing infrastructure to keep afloat.

     • It’s believed that a spike in domestic pork consumption saved the industry from an oversupply crisis last year – but there’s no confidence that the trend will continue this year.

👀 According to the Russian Union of Pork Producers (RUPP), producers need to meet at least 50% of their internal demand in grain in order to remain profitable by 2025. Also, there are two approaches they can take: if there is confidence that production costs will be lower than that of competitors, they can try to focus on manufacturing the simplest products and creating a financial cushion; or they can aim to diversify the product line and sales to the maximum possible extent. Read more about the situation here.