Prices for live pigs in Ukraine since the start of the year have grown by 25% on average, to UAH 50 per kilogram, KSG Agro agricultural holding has said in a press release. According to him, in January, the cost of live pigs was UAH 40-42 per kg, in March – UAH 50-52.
The rise in price of live pigs at the first stage, according to KSG Agro Board Chairman Serhiy Kasianov, was associated with a seasonal increase in demand for pork.
“In the spring, the demand for pork meat traditionally increases in our country. Firstly, during this period a number of holidays are celebrated starting from March 8, and secondly, spring consumption growth is associated with improved weather: Ukrainians cook more meat in the fresh air,” he said.
Subsequently, prices were influenced by quarantine measures related to the spread of the coronavirus disease COVID-19 in Ukraine.
“Quarantine and sanitary restrictions have led to difficulties in delivering goods and, in particular, pork to different parts of the country. Add to this the rush demand for meat during the quarantine period. In conditions of self-isolation, our compatriots are actively forming food supplies by purchasing products for future consumption,” Kasianov said.
However, according to him, in the near future – before the beginning of summer – one should not expect a significant increase in prices for live pigs, since the further rise in price of pork is limited by the purchasing power of the population.
