News
Russia slowly recovering 13 Mar 2009
There are early signs that beef buying from Russia is picking up. Imports increased last month, following low levels over the previous three months.
Brazilian exports to this market reached 25,179 tonnes swt in February, up 57% on January, with a 6% increase in average prices to US$2,317/tonne.
Uruguay has also seen an increase in demand from this market, with a total of 3,125 tonnes shipped in February, up 7% on January 2009 and 38% higher than October 2008 (when exports bottomed out).
In addition, Russia has restarted buying Paraguayan beef, after practically stopping imports from this country since last August as a result of the global financial crisis. During the first half of February, Russia imported 1,500 tonnes of fresh beef, after importing only 117 tonnes in January.
Australian beef exports to Russia totalled 681 tonnes in February, with chuck and blade accounting for 51%, silverside 23% and manufacturing product only 6%. If this slight resumption of trade to Russia develops into a modest trade, this may serve to re-ignite competition for Australian manufacturing grade product in world markets, allowing the lower Australian dollar to be reflected in prices for trim and lower priced cuts and Australian cattle.
More News
- 08 Feb 20102010 looks to be a better year for NZ
- 08 Feb 2010Russian company to invest US$100 million
- 08 Feb 2010Italy looks to ban horse meat
- 05 Feb 2010Chinese Pork prices to stay stable
- 05 Feb 2010India's silent pink revolution
- 05 Feb 2010Russia plans more protective measures
- 04 Feb 2010Japanese interest grows for beef
- 04 Feb 2010Sow cuts more profitable than boar cuts
- 04 Feb 2010Spanish pork supplier to grow UK sales
- 03 Feb 2010Australian red meat uses less carbon
- 03 Feb 2010Canada failing to act on food safety
- 03 Feb 2010JBS launches meat plant in Russia
- 02 Feb 2010Russia to invest billions in processing
- 02 Feb 2010EBRD finances Bulgarian processing
- 02 Feb 2010Humanely raised beef converting vegetarians
- 01 Feb 2010Marfrig continues Argentinean expansion
- 01 Feb 2010Brazil grows exports to Middle East
- 01 Feb 2010US may soon resume pork exports to Russia
- 29 Jan 2010China's consumption drives need for feed
- 29 Jan 2010Russia to focus on beef development
- 29 Jan 2010Danish Crown increasing market share
- 28 Jan 2010UK meat pie sales are hot
- 28 Jan 2010Retailer price wars catastrophic
- 28 Jan 2010President says pork better than Viagra
- 27 Jan 2010Russian processors deny rising meat prices
- 27 Jan 2010COOL blamed for Iowa plant closure
- 27 Jan 2010Australia enjoys record sheepmeat prices
- 26 Jan 2010US beef prices steady as demand shows some improvement
- 26 Jan 2010Obama nominates Under Secretary for US Food Safety
- 26 Jan 2010EU pushes Russia on restrictions for European meat
- 25 Jan 2010Russia plans to stop almost all pork imports by 2012
- 25 Jan 2010US meat sector job cuts to almost 2000 in three days
- 25 Jan 2010Rising prices in the US shift buyer focus to Australia
- 22 Jan 2010Govnt ministries oppose each other on quotas
- 22 Jan 2010JBS outlines challenges for beef industry
- 22 Jan 2010EU pork prices drop almost 10 %
- 21 Jan 2010Danish Crown's management told to go
- 21 Jan 2010Aussie beef soon to be duty free in EU
- 21 Jan 2010Smithfield to close John Morrell plant
- 20 Jan 2010Scottish lamb exports grow to the EU, beef stays steady
