Pork producers are sounding the alarm: the market is close to oversaturation. Volumes of domestic production exceeded 90% of the demand and continue to grow. As a result, pork prices fell by 15% per year, which leads to a decrease in the income of pig producers and the withdrawal of small players.
Experts note that the import substitution in the pig breeding industry was fully implemented. Today the Russian market is saturated with meat of domestic production by 90%. Only last year, product prices fell by 15%, and in 2018, prices are expected to fall by another 10%. Despite this, in the next few years, the industry needs to invest another 150-200 billion rubles ($ 2.63 - $ 3.5 billion) in order to modernize production and export.
Source: meatinfo.ru.
