Sunday, October 21, 2007

Cold War To Chicken War

Americans may pay less for chicken this winter thanks to Russia.

Russia is the largest customer for U.S. chicken producers, buying 30 percent of all exports. As of Nov. 1 has Russia will de-list 17 U.S. poultry plants, meaning that those plants will no longer be able to export to Russia. The drop in exports is expected to create a glut of chicken and drive down prices. The price drop is expected to hit chicken legs the most as Russians are partial to chicken legs.

The move by Russia to de-list the plants appears to be a swipe at the Bush administration and made in hopes of bringing down the price of chicken in Russia, which has hit 45 cents a pound.

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