Ukraine sees pork price hikes – experts

REUTERS

REUTERS

Chairman of the Board of Directors with KSG Agro Serhiy Kasianov says the price of pork in Ukraine in February 2021 rose by 21% from January 2021, and it will continue its growth at least until the end of the third quarter of the year.

Read also Pork prices drop significantly in domestic markets In particular, the average price of live pigs in late February was UAH 46.1 (US$1.65) per kilogram against UAH 38.4 (US$1.37) per kilogram at the end of January, the company's press service said, referring to Kasianov.

The coronavirus crisis and lockdowns seriously reduced consumer demand for pork. This significantly affected pig farmers, as they planned to sell up to 40% of pigs on the eve of the New Year and Christmas holidays. So, pig breeders, who had failed to sell pork before the holidays, began to reduce their livestock. The price of this meat had dropped to UAH 34 (US$1.22) per kilogram before the holidays.

"Now we are faced with a situation when demand has been reviving gradually since February, while quite an affordable retail price of pork, comparable, for example, to that of chicken fillet, encourages the consumer to go for pork," the expert added.

Forecast for pork prices

Kasianov expressed confidence that with the onset of warm weather and spring holidays, Ukrainians would more often go to barbecues outdoors, which will become an additional seasonal factor in boosting demand for meat.

"But this year, the growth in demand will run into a lack of supply since the livestock has decreased, which means that the price will be rising," he added.

At the same time, the lack of pork supply in Ukraine can no longer be compensated for by imports. Pork demand and prices have risen both in European countries and the United States, so local pig producers need to saturate local markets.

Background

The Ukrainian Stockbreeders Association (USBA) says domestic pig breeders may significantly reduce the number of animals due to the unprofitability of their business and price hikes for animal feed.

Reporting by UNIAN

Unian

Read the top-news of politics in Ukraine and the world, the latest political news from the UNIAN news agency.

https://www.unian.info/

Related news
COVID-19 ‘spreading like wildfire’ despite increasing vaccination numbers.

COVID-19 ‘spreading like wildfire’ despite increasing vaccination numbers.

While the U.S. reaches a record number of vaccinations given in a single day, front-line medical workers in Michigan worry about a fourth wave as hospitals fill up with new coronavirus cases.

Record number of migrants reach the US-Mexican border in 1 month.

Record number of migrants reach the US-Mexican border in 1 month.

At least 172,000 migrants were stopped at the U.S. border with Mexico last month -- the most in 20 years -- and many were unaccompanied minors.

Couple receives lost GoPro filled with memories

Couple receives lost GoPro filled with memories

Rio Villa and Will Ezell found a GoPro submerged in water while hiking at Three Sisters Falls in San Diego and were able to get the camera back to its owners with the help of social media.

Nightly News Full Broadcast (April 11th)

Nightly News Full Broadcast (April 11th)

Record-breaking 4.6 million vaccine doses administered on Saturday, shocking footage shows Army Lt. pepper-sprayed during traffic stop, and prosecution prepares to rest its case after second week of Chauvin trial.

India now the world's second worst hit country amid a new surge in infections - Coronavirus latest.

India now the world's second worst hit country amid a new surge in infections - Coronavirus latest.

India has recorded a new surge in COVID-19 infections. Daily cases have topped 168.000, pushing India past Brazil to become the world's second worst hit country. Authorities are hoping to curb the spread by imposing new restrictions and trying to ...

Live: Prince Philip - View of Windsor Castle after death of the Duke of Edinburgh.

Live: Prince Philip - View of Windsor Castle after death of the Duke of Edinburgh.

PRINCE Philip has died aged 99, Buckingham Palace announced yesterday. The Duke of Edinburgh, who had been married to the Queen for 73 years and described as her constant strength, passed away "peacefully" at Windsor Castle this morning. The Queen...