The potential for beef exports from Russia is estimated at USD 450–480 million per year

The potential for beef exports from Russia is 75-80 thousand tons, or 450-480 million US dollars per year, according to a review by the Agroexport analytical center under the Ministry of Agriculture. They note that in recent years, Russian beef exports have grown significantly – from 5.4 thousand tons, or $18.5 million, in 2017 to 34.6 thousand tons, or $234 million, in 2022. Record exports in physical terms were noted in 2021 – 37 thousand tons (226.6 million dollars). According to the center’s analysts, the growth in deliveries became possible due to the opening of the Chinese market for Russian exporters. As a result, China increased imports of beef and offal from Russia from 2 tons in 2019 to 21.5 thousand tons in 2021 (by $149.2 million). Thus, China’s share in Russian exports of these products amounted to 58.1% in physical terms and 65.8% in value terms. China and Saudi Arabia will remain the key destinations for the export of this meat…