Five poultry farms in the Krasnodar region in southern
Russia have entered bankruptcy proceedings over the last six months. Among them
is Krasnodar Poultry which held a 15% share of the egg market in the region.
The company has already been forced to sell 80% of its
livestock and completely stopped the production process.
In addition, bankruptcy proceedings have also been entered
by the following producers Vityazevskaya Poultry (Anapa), Rus Breeding Poultry
Plant (Korenovsk), Raevskaya Poultry (Novorossiysk). All of them were
specialised in the production of eggs.
This week, the arbitration court of Krasnodar region also
registered the declaration of insolvency from the Poultry farm Tikhoretskaya.
Representatives of the poultry farms say that the problem
appeared mostly due to the rising prices of feed, which over the past two years
went up by 100%. As a result, the profitability of egg production in the south
of Russia is now equal to zero.
Vladimir Mkhitaryan, general director of Poultry farm
Novorossiysk, notes that producing eggs is now not profitable at all, and
profits can only be found in the businesses that are focused mostly on the
production of poultry meat.
