Poultry meat production hits record levels in Russia

The production of poultry meat together with the edible poultry by-products in the first quarter of 2012 increased by 20.7%, up to 826,000 tonnes, according to data recently released by the Russian Federal Statistics Service (Rosstat).

Separately, the volume of poultry meat production increased by 16.7%, which is significantly higher than all forecasts of industry growth trends expressed by analysts at the beginning of the year.

Currently poultry meat production accounts for the largest share of the meat market in Russia. For the first quarter the share of poultry meat in the structure of all meat producing in Russia amounted to 45% or 1,133,000 tonnes – the maximum mark for the last twenty years. Also, the production of poultry meat has set a new record, for the first time ever the growth rate in the sector (together with by-products) was over double the overall rate of growth in the meat industry of the country, where the rate of increase of production in the first quarter of the year amounted to only 8.1%.

Interestingly poultry meat accounted for about 85% of the increase in the meat production industry in Russia in the first quarter of 2012. According to Rosstat, in the first quarter of 2012 poultry stock in all categories of the Russian Federation grew by 10.7%, compare to the level of the forth quarter of 2012.

Source: Vladislav Vorotnikov