Russia’s Ministry of Agriculture are reporting that 2016 production of pigs for slaughter in live weight for all categories amounted to 4.35mmt, up 9.4% on 2015.
It looks like commercial pig producers, as opposed to backyard and small scale private farmers, have been investing in production with 3.5mmt coming from agricultural organisations, which is 12.9% more than in 2015.
This would be in line with the government and agricultural import substitution policy in response to self-imposed sanctions on food imports.
I guess some of those pig producers who have invested in their business might now be looking less favourably at the Trump Putin relationship which many are starting to believe will remove sanctions in the near future.
The average price of pigs in live weight in Russia in December amounted to 95.32 roubles per kg (USD1.58/GBP1.26/EUR1.47).