Miratorg cuts share of import in sales in 2016 and is ready to supply pork from the USA if sanctions are lifted
"Miratorg" cuts share of import in sales in 2016 and is ready to supply pork from the USA if sanctions are lifted
Moscow, February 3 - ABH "Miratorg", a leading operator of Russian meat market, reports that share of import meat in total sales decreased to historic low of 17% in 2016, sales of imports in absolute terms exceeded 100 thousand tons.
The company is a producer of pork and beef No1 in Russia, as well as the largest importer of meat raw materials. Vertically integrated holding is ramping up production sequentially of its own products which share in sales amounted to 83% in 2016, 82% in 2015 and 77% in 2014.
"Reducing the share of imports in sales reflects the company's strategy for the development of own production and import substitution. As a leading supplier of imported meat to the Russian market we are constantly monitoring the supply and demand balance, price situation and are ready to change the structure of import portfolio flexibly. For example, we are ready to start purchasing at the enterprises from the USA certified for imports to our country in the case of the lifting of sanctions"- says the press service about the holding structure of sales in 2016.