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Russia Food Sector Report
Internet Securities Inc, Oct 2006, Pages: 24
The Russian Food Sector Report offers an extensive summary of the Russian food sector. It includes a complete coverage of the latest developments as well as the latest corporate news accompanied by statistical data. This sector report is ideal to keep you abreast on recent company and industry news. Written by local analysts, it is a unique market and business intelligence analysis, tailored to save time by providing in-depth information, while helping you to make confident and informed business decisions. The report covers the period January 1 – September 1, 2006.
In this report a brief overview of the sector is provided and it is then followed by industrial statistics and news. In Jan-May 2006, industrial production increased by 5.1% y/y. In May the indicator soared by 10.1%. It should be noted that in Jan-May output of confectionary products went up by 5.9% y/y, pasta – 6.1%, margarine – 10.7%, vegetable oil - 27.8%, mayonnaise – 1.1%, fruits and vegetables – 17.2%, tea – 9.4%, fish and sea products – 1.6%, and processed fruits and vegetables – 17.3%. In Jan-May output of sugar declined by 6.2% and of bread and bakery – by 1.7%.
Highlights:
- Sugar beet area up by 17.5% y/y to 925,000 hectares as of Jun 1
- Razgulyai group sees revenue increase 12% y/y to USD 710mn in 2005
- Petrosoyuz loses market share after its acquisition by US Heinz
- 2005-2006 planted grain area drops 3.9% y/y to 31.5mn hectares
- Agricultural company Nastyusha to invest over next 3 years USD 1bn in expansion
- Baltika consolidates its assets, increases holdings in Yarpivo, Pikra, Vena Breweries
- Jan-Feb refined vegetable oil output rises by 32.4% y/y to 130,000 tons
- Inmarko starts sales of frozen vegetables, hopes to have 3.5% of market by 2007
- Non-CIS meat imports rise 44.2% y/y to 397,100 tons in Jan-May
- Largest meat producers seek reduction of import quota for poultry by 30%
- Dairy producers urge government to raise cheese import duty
- Nutritek buys baby food producer Slaveks for USD 35mn
- Leading Finnish dairy producer Valio to build milk plant in Leningrad Oblast
- Russia bans fresh fish imports from Norway
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