Trade risks and development of the meat processing industry in Russia
Introduction. This article analyzes the actual problem of trade risks and the development of the meat-processing industry. And the purpose of this study is to identify the key aspects of food self-sufficiency through the prism of existing threats and the state of development of the market for meat products in the Russian Federation. Materials and methods. This study is based on scientific research by Russian and foreign scientists who study the development of the meat processing industry in Russia. Based on these studies, an assessment of trade risks for consumers and meat producers in the country was determined, which showed the heterogeneity of the production volumes of meat products and producer prices for meat products between the federal districts of the Russian Federation. Also, a two-sample Student's t-test and two-way ANOVA by year were carried out, which finally consolidated the assumption that Russia can be considered a country with significant regional differences in terms of the meat processing industry. Results. Key findings show that all federal districts of Russia experienced significant growth in profits; however, the growth rate appears to differ across regions. Paradoxically, trade risks (Western sanctions, COVID-19 restrictive measures, state tax policy) helped the Russian meat processing industry to strengthen its position. Discussion. Today, trade risks in the meat processing industry are of strategic importance both for the food security of a particular region and for the entire national security of the entire country. Conclusion. The trends of recent years in the functioning of the meat and meat products market in the Russian Federation have been identified. The impact of pandemic, quarantine and sanctions measures on the development of the meat processing industry has been analyzed. The features of the development of this market at the present stage are determined and an assessment of this development of this market in the medium term is given.