Russia’s third-largest poultry producer, agricultural holding Belaya Ptitsa, has reported financial turbulence, as falling prices and shrinking state aid keep pushing down profitability in the industry.
The current political crisis has brought major changes in the work of Ukraine’s poultry industry, as the country has lost its main sales market and needs to look urgently for new export outlets.
While the prices for pork in Russia continue to rise, the price of poultry in the market has recently hit its lowest level ever, which has hit the profitability of the country’s poultry producers, according to market participants.
