Russian quota presents opportunity for chicken exporters - ABPA
Russia renewed a zero-tariff quota for 364,000 tons of poultry
18 December 2023
1 minute read
By: In a recent press release, the Brazilian Animal Protein Association (ABPA) said new Russian import quotas on chicken meat could present opportunity for Brazilian meat exporters in 2024.
Russia's Ministry of Economic Development announced there will be zero tariffs for a quota of up to 364,000 tons of poultry meat.
According to the decree, quotas are established divided into 250,000 tons of carcasses, legs and boneless cuts and 100 thousand of boneless products, in addition to 14,000 tons destined for whole turkey and carcasses. For products imported outside of quotas, the import tariff is 65%.
“Sales of chicken meat from Brazil to the Eurasian market registered strong expansion throughout 2023, and this partnership is expected to expand," said ABPA’s markets director Luís Rua.
The world leader in chicken meat exports, Brazil is also the main international supplier of this protein to the Russian market. Between January and November, Russia imported 43,600 tons of Brazilian poultry product, a volume 44.2% higher than imports in 2022. These exports generated revenue of US$81.2 million this year, according to data collected by ABPA. The country is the 24th main destination for Brazilian products.
“We have a long tradition with the Russian market in a multi-protein relationship, which should gain even more strength next year, reinforcing the upward trend already recorded over the last two years," said Ricardo Santin, president of ABPA.
