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Russian Poultry Market Values Rising
MOSCOW - Feb 13/04 - SNS -- Poultry supplies are beginning to tighten in Russian, resulting in upward pressure on prices at both wholesale and retail levels.
Supply has also been reduced on the world market due to the discovery of avian influenza in Asia, especially in major exporters Thailand and China, causing prices to rise in other exporting countries, especially the United States and Brazil, notes the U.S. agricultural attache here.
Some Russian importers expect world prices to decline later in the spring, and have reportedly decided to delay new purchases until that time. Their ability to wait is helped by the fact some bought aggressively at the end of 2003 i order to increase their historical 2003 imports, which serve as a basis for 2004 import quota allocations.
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