Study on the Evolution of the Meat Price Following the Russian Embargo

Abstract

This article assesses how and the extent to which EU meat prices are influenced by Russia's embargo. The first part assesses the meat market in the European Union, so it will analyse data on livestock, production and average prices. In the second part, the analysis is reflected on the Russian Federation in order to determine the relationship between consumption and production, then between demand and supply. Using trade data between the two regions, the level of Russian meat import reduction is set. At the end of the article, the link between the average price of meat and the value of Russian imports taken from the European Union is analysed.