Ukraine: An active increase in cattle carcass prices is observed in February

Published 2023년 2월 28일

Tridge summary

Ukraine has experienced a surge in beef and live cattle prices, marking the second increase since the onset of the full-scale war in 2022. The initial rise occurred in the autumn of the same year, attributed to established pre-war export volumes and increased demand. Factors such as export activation, farmers retaining animals ahead of sowing, and animal population reductions due to military actions and economic challenges have contributed to the price hike. In 2022, Ukraine saw a decrease in its cattle population by 12.6%, dropping to 2312.1 thousand heads, with agricultural enterprises experiencing a 7.2% decline and households experiencing a 15.8% decline.

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Original content

This is the second wave of price strengthening since the start of the full-scale war, when in the spring of 2022, purchase prices for live cattle fell sharply, by almost 30-40% (depending on the region) and remained low until August. Since beef production is mainly an export-oriented industry, the blocking of ports was a strong blow to the market, reports UKAB. The first increase in prices was observed at the beginning of autumn last year, as the pre-war volumes of export deliveries had already been established, which provoked a gradual increase in demand and activation of the market. In addition, macro-financial indicators (inflation rate) also affect the cost of products. Currently, prices are also rising, which is caused by the following factors: 1) Export activation. In January, 1.11 thousand tons were exported, which is 1% less than last year. Beef exports in January have pre-war supply volumes and are gradually increasing in February. The export of live cattle also ...

Source: Infoindustria