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The Ministry of Agriculture predicts a decrease in meat prices

The Ministry of Agriculture predicts a decrease in meat prices
Photo: pixabay.com

The Ministry of Agriculture predicts a decline in meat prices in Russia due to the end of the picnic period in August. The ministry expects prices to decline due to reduced demand.

As the Finmarket with reference to the data of the Ministry of Agriculture, in August the cost of a kilogram of fresh pork increased by 0,7%, beef - by 0,8%, chicken meat - by 1%, mutton showed a decrease by 0,8%.

“Currently, there is a correction in selling prices for pork, which in the near future should be reflected in retail, as well as the cost of poultry meat. The end of the summer period and the reduction in demand for meat will further reduce prices, ”the ministry said.

Also, the downward trend in the cost of pork and chicken will be supported by an increase in production volumes. The prices for fruit and vegetable products are also decreasing as a result of the new harvest entering the market. In August, selling prices fell for beets, cucumbers, tomatoes, onions, potatoes and apples.

According to Rosstat, since the beginning of the year pork has risen in price by 11%, chicken meat - by 16%, beef has risen in price by almost 9%, lamb - by 13,3%.

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