During July, the supply of imported pork weakened in Ukraine

Published 2022년 8월 2일

Tridge summary

In July, Ukraine saw a significant decrease in pork imports, with a 45% drop compared to June, totaling 4.9 thousand tons at a cost of $10 million. This decline was largely due to the reinstatement of VAT payments for importers, leading to a 20% increase in pork prices and a shift to cheaper meat sources. Despite this, the reduced import activity has made domestic pork more competitive, and there is still a quota available for an additional 1.8 thousand tons of chilled and frozen pork imports. Once these quotas are exhausted, imports will be subject to a 12% and 10% import duty for chilled and frozen pork, respectively. Ukraine also has duty-free pork supply agreements with the EU, Canada, and Great Britain, but high transport costs and the distance from these countries mean that active deliveries are unlikely.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

During July, the import frenzy abated somewhat: the flow of pork from abroad decreased by 45% compared to June — from 9 to 4.9 thousand tons, respectively. Such results of the foreign trade in pork were announced in the analytical department of the "Swine Farmers of Ukraine" Association. Data from customs statistics show that in July, the arrival of chilled and frozen pork meat (UKT ZED 0203) from abroad amounted to 4.9 thousand tons, which cost domestic importers 10 million dollars. USA. This is 45% less than the volume of pork imports a month earlier, and exactly twice in currency equivalent. Denmark, Poland, Belgium and Spain remain the main supplier countries. The key reason for the decrease in import activity in July was the return of the obligation to pay VAT for importers under the simplified taxation system. Thus, the price of a conventional kilogram of pork automatically increased by 20%. "Such an increase in prices prompted domestic traders to switch to the purchase of ...
Source: Agravery

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