Russia expects 6% growth of meat production in Y 2010

Russian meat production is expected to rise 6% to reach 10.5M tonnes, said the Ministry of Agriculture in a report on Friday.
The Russian government has increased its funding on domestic meat producers, particularly on poultry meat producers, said the report, aiming to meet domestic and export demand.

Some 4.7 billion rubles (around US$160.5M) from federal and regional finances has been used to spur poultry meat production, according to the official report.

There are overall 124 relevant meat production projects currently underway in Russia, with the total production estimated at 646,000 tonnes.

According to a food security doctrine approved in February, the share of domestic meat and meat products in the country’s market should be no less than 85%. —Paul A. Ebeling, Jnr. www.livetradingnews.com

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