The USDA predicts growth for the Ukrainian poultry industry

Published 2024년 10월 1일

Tridge summary

Poultry farming in Ukraine has demonstrated resilience, rebounding from a production decline in 2022 with a slight increase anticipated in the coming years. Despite facing significant challenges such as a full-scale invasion, economic instability, and logistical issues, chicken production is projected to reach 1.32 million tons in 2024 and 1.33 million tons in 2025. Exports are expected to hit 445,000 tons this year and 450,000 tons next year, with the Middle East becoming a crucial market due to EU restrictions. Ukraine has also expanded its presence in Turkey and Iraq, although these markets offer lower margins. Meanwhile, domestic imports of meat offal are predicted to decrease.

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Original content

Poultry farming in Ukraine this year recovered after a drop in production in 2022 shows sustainability. Next year, the situation will be similar, with a slight increase. Such a forecast was made by analysts of the US Department of Agriculture (USDA), writes Agroportal. Given the full-scale invasion, microeconomic instability, lack of foreign and domestic investment, population outflow, logistical problems, mobilization and power outages, chicken production in Ukraine in 2024 is estimated at 1.32 million tons, and in 2025 - 1 .33 million tons. Exports are forecast to reach 445,000 tons this year and 450,000 tons next year. The restrictions introduced by the European Union will force Ukrainian producers to consider other export destinations, USDA analysts note. "The second best alternative to the profitable EU market is the Middle East," they believe. ‒ Chicken prices there recovered in the 1st quarter, which made exports to the traditional markets of Saudi Arabia and the UAE much ...

Source: Agrotimes