As of early November, Russian wholesale broiler prices were up 37% year on year, to 250 rubles per kilogram, and chicken fillet was up 42%, to 458 rubles. Thighs, drumsticks and wings also changed, with wings the only cut to fall, by 10%.
Poultry producers cited falling domestic output, along with higher feed, logistics, energy and labour costs, while imports from Belarus and China are rising but have not yet capped prices.
Shrinking Russian broiler output and higher feed costs tighten poultry supply and keep demand for feed grains and meal firm. Import growth is not offsetting the shortfall, so chicken prices are likely to stay elevated.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.