Wednesday, June 20, 2018

Sverdlovsk Region sees rise in milk and meat production

The Sverdlovsk Region Agro-Industry Ministry this week reported a nine percent growth in milk production and a six percent rise in meat output compared to last year.

"This means the agriculture is doing well in the region, it gets the timely and good quality subsidies from the regional and the federal budgets," Minister Mikhail Kopytov said, Ural Business Consulting reports.

The subsidies will allow the region to keep local food prices stable. Overall, prices have dropped, according to data gathered by the ministry. Wholesale beef prices have dropped four percent since the beginning of the year, milk prices have gone down one percent and egg prices have been lowered by 13 percent.

Butter, wheat bread and mixed-grain bread prices, meanwhile, have gone up by more than one percent, according to Ural Business Consulting.

"Only the flour prices have increased noticeably after the grain prices went up throughout the entire country. This region only produces about 15 percent of crops it needs, so we depend heavily on the shipments from other regions. It is possible that bread prices will go up, too. This is why we recommend that food manufacturers try to avoid dramatic price fluctuations and unjustified increases," Kopytov said, Ural Business Consulting reports.

Additionally the management of bread-making plants will be monitoring the prime cost of food items.