The beef market may grow by 1.7% this year after last year’s decline.

Beef production in live weight in 2023 will be 1.65 million tons, which is 1.7% more than a year earlier. This is stated in the presentation of the National Meat Association (NMA, unites the largest operators of the meat market), which Vedomosti reviewed. A slight increase is predicted against the backdrop of last year’s decline: in 2022, the production of this meat decreased by 3.2% to 1.62 million tons, the presentation said.

Livestock farming is showing steady positive dynamics of development, says a representative of the Ministry of Agriculture. According to the ministry, in January–August 2023, the production of cattle for slaughter increased by 7% to 701,100 tons. According to Vedomosti’s interlocutor, an increase in meat production is also predicted at the end of the year. The resulting volume will be sufficient to meet the needs of the domestic market, says a ministry representative. In the future, the development of production will be facilitated by expanding exports and growing demand for products, he added.