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PoultryWorld - Russian turkey and duck meat renaissance
poultryworld.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from poultryworld.net Daily Mail and Mail on Sunday newspapers.
PoultryWorld - Russia introduces major state aid for breeding farms
poultryworld.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from poultryworld.net Daily Mail and Mail on Sunday newspapers.
PoultryWorld
Russia approves urgent state aid to poultry farms
The Russian government has approved a 1 billion Rouble (US$ 15 million) subsidy to the poultry industry to halt the unprecedented drop in production.
At the same time it considers freezing retail price levels to halt the upward price rally on the domestic market due to imbalanced supply and demand. As explained by Russian Prime Minister Mikhail Mishustin, the funds were allocated to both poultry farmers and processors. “The companies got the approval for bigger loans a lower interest rates,” Mishustin explained. The government intervention is needed to balance supply and demand on the market and is expected to contribute to price stabilization on goods with high social importance, Mishustin added.