Pork imports to Ukraine fell almost 3 times due to record high prices

Published 2023년 3월 8일

Tridge summary

In February 2023, Ukraine saw a significant decrease in the import of fresh, chilled, and frozen pork, with figures dropping by 2.6 times to 743 tons, or $1.5 million, marking the lowest level for February since 2018. This decline, which is part of a larger 4.6-fold decrease since the beginning of the year, is primarily due to increased meat prices in Europe. Since the onset of the war, pig prices have risen by one and a half times, despite a surplus in the market. The average price of imported pork in February was $2 per kilogram, in contrast to the record high price of European pork, which reached 2.28 euros or $2.42 per kilogram. The majority of Ukraine's pork imports come from EU countries, and analysts anticipate an increase in supplies once prices stabilize, although meat supplies are expected to remain low in the short term due to the high cost of importing goods from other countries. Additionally, meat production in Ukraine saw a decline of nearly 20% in 2022.

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

Original content

In February 2023, the import of fresh, chilled and frozen pork to Ukraine decreased by 2.6 times per month, to 743 tons, or $1.5 million. This is the lowest figure in February since 2018, the Association "Swine Breeders of Ukraine" reports. Since the beginning of the year, import figures decreased by 4.6 times, to 2,660 tons. Analysts call the increase in meat prices in Europe the main reason for the drop in supplies after a long growth trend. Pig prices have increased by one and a half times since the beginning of the war, but there was a surplus of meat on the market due to the blackout "The price of pork in the EU started at one and a half times higher than in 2022, and in February the price of European pork continued to grow and set a new price record - 2.28 euros or $2.42 per kg of slaughter weight. At the same time, the average the price of a kilogram of pork imported in February was $2," the association said in a statement. It is increasingly difficult for Ukrainian ...

Source: Ubr