Imports of pork in Ukraine decreased by 2.6 times in February

Published 2023년 3월 7일

Tridge summary

In February, Ukraine experienced a significant decrease in pork imports, with receipts falling to their lowest level since 2018 at 743 tons or $1.5 million, a 2.6-fold reduction from the previous month. This downturn is linked to meat processors' efforts to stock up on cheap raw materials amidst heightened market competition and a weak sales period. Despite the reduction in pork imports, the average price per kilogram of pork in the EU rose to a record 2.28 euros in February, marking a significant increase from the previous year. As a result, Ukrainian importers are struggling to find pork at marketable prices, with total pork imports for the first two months of the year being 4.6 times lower than the same period last year. The Association of "Swine Farmers of Ukraine" anticipates that pork supplies from the EU will increase as EU and domestic pork prices converge, although the process may be slow due to high delivery costs from remote supplier countries.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Reasons such changes are explained in the analytical department of the Association "Swinemakers of Ukraine". Import receipts of fresh, chilled and of frozen pork in February amounted to 743 tons or 1.5 million dollars. USA in currency expression, according to customs statistics. This is 2.6 times less than a month earlier and is the lowest indicator for February since 2018. "Increased activity of meat importers in February is connected with the intentions of meat processors to form stocks of inexpensive raw materials, so increased competition between domestic pork and cheaper foreign in the period of seasonal weakening of sales plays on increasing price pressure. However, this year a different situation took shape on the market: a more limited offer of pigs of slaughter conditions supported purchase prices at high level and postponed their relaxation until the second half of February, then as pork prices in the EU countries consistently demonstrated positive dynamics ...

Source: Pigua