Russia: Livestock and Products Annual
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Beef production in 2021 is projected to grow based on heavier slaughter weights. A weak ruble should underpin red meat exports to traditional and new markets, while dampening imports. The COVID-19 crisis hit beef consumption harder than pork. Pork production now meets domestic demand and has largely replaced imports. As competition intensifies, less efficient companies may be forced to cease operations. After a decade of intensive growth swine inventories are forecast to decline.
