Ukraine: Foreign trade in pork in May

Published Jun 6, 2024

Tridge summary

The preliminary results for January–May show a significant decrease in pork import volumes by three times compared to the same period in the previous year, with only 1.4 thousand tons brought in and income of $3.7 million, a substantial drop from the previous year. This is due to lower domestic pork market prices, leading to a natural economic barrier for imported pork. Despite a slight increase in May, import activity remains at record lows, with the domestic supply of pork meeting the needs of the meat processing industry and providing sufficient stocks. From January–May, pork exports reached 940.3 thousand tons, primarily to the UAE, generating $2.35 million.

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

Original content

Import volumes of pork in in 2024 three times less than a year earlier, according to the preliminary results of the foreign ministry trade for January–May. Learn more about the reasons and consequences of such changes analysts of the "Swine Farmers of Ukraine" Association said. By 1.4 thousand tons of chilled and frozen meat were brought to Ukraine in five months pigs from abroad for 3.7 million dollars. USA. This is almost three times less than the income of the corresponding meat raw material for the same period last year, note v to the analytical department of the "Swinemakers of Ukraine" Association: "Significantly lower than last year domestic pork market prices have created a natural economic barrier for arrival of imported pork. Yes, although in the EU countries the prices for pork are January–May were 5–6% lower than in the first five months of 2023, a two-digit decrease in purchase prices for carcasses in Ukraine against the background of others economic and geopolitical ...

Source: Pigua