Page 90 - RusRPTAug19

declining purchasing power of the population, according to Albert Davleyev, president of the Russian consulting agency Agrifood Strategy. Demand for all types of meat has been stable for over a year as the country’s GDP is stagnating at 1.2-1.5% and the disposable incomes are shrinking, the expert estimated. Russia’s biggest meat producer Cherkizovo has recently reported that the present situation on the domestic poultry market prompted the company to withdraw from some projects planned to expand capacities.
90 RUSSIA Country Report August 2019 www.intellinews.com