Business news from Ukraine

Business news from Ukraine

PORK CONSUMPTION IN UKRAINE TO GROW IN 2021

Pork consumption by Ukrainians in 2021 will grow by 4.7% compared to 2020, to 15.5 kg per person per year (excluding fat and offal), which will be the highest result since 2013, when this indicator per capita was 17.9 kg.
This opinion was published on the website of the Association of Pig Breeders of Ukraine with reference to data from the UN Food and Agriculture Organization (FAO).
“The increase in pork consumption is determined by several factors, including the growth of domestic production. Pork occupies niches that free up other types of meat, primarily chicken. So, in 2021, the consumption of chicken will decrease by almost 2 kg,” FAO agricultural markets expert Oleksandr Sikachyna quoted in the post.
According to him, the elasticity of demand for meat is slow: consumers need time to change their purchasing habits, so consumption will not be able to quickly respond to high rates of production growth.

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FAO PREDICTS GRAIN HARVEST IN UKRAINE AT 65.3 MLN TONNES

The Food and Agriculture Organization of the United Nations (FAO) predicts that grain harvest in Ukraine in 2019 will be 65.3 million tonnes, which is 5.6% lower than in 2018.
According to the May report, FAO forecasts an increase in wheat production in Ukraine in 2019 by 7.7%, to 26.5 million tonnes and a decrease in corn production by 19%, to 29 million tonnes.
Wheat exports in 2019/20 agricultural year (July-June) will decrease compared to the previous agri-year 0.3%, to 17 million tonnes, corn by 1.2%, to 21 million tonnes, and barley by 0.3%, 4.2 million tonnes.
According to the Ministry of Agricultural Policy and Food, Ukraine since the beginning of the 2018/2019 agri-year as of May 13, 2019 exported 43.77 million tonnes of grain and leguminous plants, which is 24.5% more than on the same date of the previous agri-year.
Grain exports in 2018/2019 agri-year, according to the estimates of the ministry, are projected to be 49 million tonnes.

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