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- (-) September 2020
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The growth in the Russian HRI sector has been steady in recent years, mainly due to the expansion of fast food and chain restaurants outside of the saturated markets of Moscow and St. Petersburg.
While the Philippine food service sector was set to grow eight-plus percent in 2020 to $16 billion, COVID-19 related measures have reduced prospects to less than $7 billion.
The dual crises of the COVID-19 pandemic and African Swine Fever have impacted the Philippine hog and chicken sectors, traditionally the strongest performers in the agricultural economy.
Post expects a larger drop in pork production of 20 percent in 2020 as African Swine Fever remains a major concern in Luzon and parts of Mindanao.
Steady demand for chicken meat and ample feed supplies are expected to lift production to 4.725 MMT (RTC) in 2021.
Beef production in 2021 is projected to grow based on heavier slaughter weights. A weak ruble should underpin red meat exports to traditional and new markets, while dampening imports.
Russia and Armenia notified the World Trade Organization (WTO) of draft amendments regarding Bovine Spongiform Encephalopathy (BSE) to the Eurasian Economic Union (EAEU) veterinary requirements via G/
Steady demand for chicken meat and ample feed supplies are expected to lift production to 4.725 M?? (RTC) in 2021.