More than half of all pig farms in Russia are at risk of becoming loss-making in 2019 due to the rising production costs and falling purchasing prices on the domestic market, according to a forecast of the Russia’s National Union of Pork Producers (NUPP).
In 2019, the wholesale prices are expected to dip by 5% to 10% to the lowest level seen since the introduction of food embargo in 2014, when all European pork were wiped out from the Russia’s market, RUPP said.
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