
Pork Prices Surge in Russia Following Potato Price Spike
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Pork Prices Surge in Russia Following Potato Price Spike
Wholesale prices for pork have jumped across most cuts, driven by mounting production costs and broader economic instability. The average wholesale price for pork carcass reached 215 rubles per kilogram ($2.75) as of July 6, marking a 30% year-on-year increase.
Wholesale prices for pork have jumped across most cuts, driven by mounting production costs and broader economic instability, analysts at the market research firm NTech told the Kommersant business daily on Wednesday.
The average wholesale price for pork carcass reached 215 rubles per kilogram ($2.75) as of July 6, marking a 30% year-on-year increase.
Prices for specific cuts have also surged: pork belly is up 22% to 250 rubles/kg ($3.20), shoulder rose 21% to 285 rubles/kg ($3.64), ham by 19% to 292 rubles/kg ($3.73) and loin by 12% to 320 rubles/kg ($4.09). The only exception was pork neck, which saw a 5% decline to 445 rubles/kg ($5.69).
Konstantin Korneev, director of the consulting firm Rincon Management, attributed the spike in wholesale pork prices to rising inflation and production costs, particularly for pig feed.