Ukraine: When will egg, meat, and milk price growth stop?

Published 2022년 10월 4일

Tridge summary

Ukraine is experiencing a significant increase in the prices of meat, dairy products, and their processing products due to a combination of seasonal factors and the ongoing war. The devaluation of the hryvnia, logistical restrictions, and inflation are contributing to the upward trend in food prices, even amidst limited demand and reduced purchasing power. Milk prices, in particular, have risen significantly, with the price of extra grade milk reaching nearly 11 hryvnias per kilogram. Despite the increased costs, the retail price of finished dairy products is rising by a hryvnia every week. The Association of Milk Producers questions the high markups and claims of "unprofitability" in the dairy sector, given the lower cost of raw materials in Europe.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

After a relative price "lull", when the price of meat and dairy products in Ukraine did not change too rapidly, and eggs even periodically became cheaper, at the end of summer - at the beginning of autumn, the rate of price increase of these foods and their processing products increased significantly. A seasonal factor was added to the main effects of the war - the destruction and temporary occupation by the enemy of a part of specialized enterprises, logistical restrictions, the increase in the price of fuel and import supplies, inflationary processes and the devaluation of the hryvnia. As a result, even in conditions of limited demand (millions of Ukrainians are still abroad, the purchasing power of many of those who remained has significantly decreased), price tags in stores and at bazaars change weekly, and in some places even daily, to the detriment of the consumer. Moreover, in certain segments of the market, experts also notice signs of a possible shortage. At the same ...
Source: MilkUA

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