Russia: Poultry and Products Annual
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Steady demand for chicken meat and ample feed supplies are expected to lift production to 4.725 MMT (RTC) in 2021. Exports in 2021 are projected at 220,000 MT (RTC) with shipments to traditional and recently opened markets expected to grow at a slower rate than the 22 percent growth in 2020 driven by entry into the Chinese market. A weaker ruble will spur export initiatives but harm margins from domestic sales. In this environment, leading poultry companies are expected to increase their market shares at the expense of smaller players.