In the last week of November, wholesale prices for certain poultry products fell 8-10% compared to the previous week, and pork prices fell 3-4%. This was reported by “Kommersant” According to data received from market participants.
Despite the drop, prices for listed meat products remain 15-58% higher than at the end of November 2022, according to the publication’s sources. Experts explain the dynamics by producers’ concerns about possible previously announced restrictions on chicken exports.
“During the year, the price of the chicken carcass has increased by more than 51%, and there is room to fall painlessly,” one of the publication’s interlocutors commented on the situation.
Alexey Kletsko, manager of Yakov and Partners company, states that prices were also affected by the decrease in purchases made by meat processors on the eve of New Year holiday preparations. The expert also believes that the price reduction will not be critical for meat producers, since prices are higher than last year with comparable costs. Kletsko believes that meat prices will continue to fall until the end of 2023, and this will only happen next year.
Before that in Russia stated about the catastrophic rise in fish prices and the collapse of sales.
Previous experts guess Record prices for beef for the new year.