Chicken egg prices in Russia will increase by 10% by the end of 2024, a figure comparable to the inflation rate. This forecast was given to socialbites.ca
Doctor of Economics, Professor of the Fundamental Department of Trade Policy at the Russian University of Economics. GV Plekhanov Vyacheslav Cheglov comments on reports of a decrease in egg production in the country.
Average purchase price of a dozen eggs in winter amount 129 rub. According to Cheglov’s assessment, by the end of the year a dozen eggs could cost an average of 141.9 rubles.
“I cannot call what happened a decline in production. In our country, egg production has not yet been consolidated as much as chicken meat production. This means there is less risk. Yes, there is some impact of chicken flu cases, but rather we are seeing an adjustment in volumes from producers,” Cheglov noted.
According to him, egg production increased last year. Then there was a sharp increase in prices, against the background of which everyone observed a “shock” among consumers, the demand for the product decreased, the economist added. The economist noted that thanks to imports, foreign eggs, that is, alternative volumes, appeared on the Russian market, and since the new year, citizens have accepted a new price level for eggs and the demand for them has recovered. Cheglov explained that domestic producers adjusted their import volumes, taking into account the import volumes.
He said around Easter suppliers would ramp up production, then cut back again, and a lot would depend on import opportunities as eggs are a product with an expiry date and you can’t produce them as a substitute. The economist does not expect a decrease in egg consumption in Russia because eggs are much more affordable than meat and are also a “supplier” of protein.
Chicken egg production in Russia has been falling for the sixth month in a row. Wrote Kommersant’s newspaper. According to the results of January – February of this year, production volume decreased by 1.8% compared to the previous year and amounted to 6.11 billion units.
Previously “socialbites.ca” said About the egg crisis in Russia.