Expensive corn leads to losses in Ukrainian poultry industry

This is stated in a joint appeal the Ukraine Union of Poultry Farmers as well as some other local business associations made to the Ukrainian Prime Minister Denis Shmuhal. “As long as retail prices for poultry products are interconnected with the Ukrainian population’s purchasing power – which has been low – the rise in production costs drives broiler meat and egg producers into losses,” the farmers warned in their statement. Currently, the broiler meat sector’s average marginality is -12%, while average marginality in the egg sector stands at -17%, the farmers estimated. Without a substantial price hike, margins are expected to remain below the breakeven point. Ukrainian poultry farmers are caught in the middle of falling prices and rising production costs. In September of this year, the average retail price for broiler meat in Ukraine dropped by 15% compared to the previous year, the Ukraine State Statistical Committee reported. On the domestic egg market, prices fell for the ...