Business news from Ukraine

Business news from Ukraine

Pork prices rose by 9.7% over week in Ukraine

26 September , 2024  

Prices for the purchase of slaughter pigs in the third decade of September continued to recover, according to the Pig Producers of Ukraine industry association.
“Last week’s trading ended with a noticeable strengthening of prices for the purchase of live pork: most industrial pig farms “signed” commodity lots by 3-5.5 UAH/kg more expensive than a week earlier. Thus, the main volumes of live pork this week were purchased at 61-63 UAH/kg, although in some places quotations fluctuated by 1 UAH/kg both up and down. The weighted average market price amounted to 61.76 UAH/kg (+9.7% compared to last week), analysts said.
According to representatives of meat processing, the course of pork sales remains relatively stable, without any particular jerks or recessions. At the same time, some procurers say that the supply of conditioned pork is lower than they would like, so in some places there is a shortage of it. This is also confirmed by feedback from pork producers, who are increasingly interested in cooperation from former or new contractors, as well as requests for additional volumes.
“The operators of the live pork market currently see no prerequisites for lowering prices, but rather at least strengthening at the current level or increasing them to 65 UAH/kg,” the industry association summarized.