Russian Pet Food Imports Drop 40% Amid Payment Challenges and Local Production Surge

In the first half of 2024, Russian pet food imports dropped by 40% compared to the previous year. This decline is attributed to challenges in making payments for imports from politically friendly countries and a rise in domestic pet food production. Sergey Dankvert of Rosselhoznadzor emphasized the increase in local production and concerns about mislabeling in imported pet foods. Despite the decline, new suppliers from countries like Turkey and Asia are exploring entry into the market. Additionally, payment issues with countries like China and the UAE have complicated trade, affecting both the import of pet food and the acquisition of necessary production equipment.