Business news from Ukraine

PORK PRODUCTION IN UKRAINE WILL REMAIN AT LEVEL OF 740,000 TONNES IN 2016 – EXPERT

4 December , 2015  

KYIV. Dec 4 (Interfax-Ukraine) – The Pig Breeders of Ukraine association predicts that pork production in 2016 will remain at a level of 740,000 tonnes amidst the falling demand for this product in the domestic market.

“Production next year will be approximately such as in the current year. According to our estimates, it is 740,000 tonnes,” president of the association Artur Loza said at a press conference in Kyiv.

He noted a very low demand for these products. The drop in demand over 2015 is expected to reach 13% in comparison with 2014.

“Now we see the minimum demand. The price continues falling,” the expert added.

According to him, purchase prices for pork (live weight) are UAH 26.5-27.5 per kg, while the cost of production is estimated at UAH 25-27 per kg.

Loza added that this year Ukraine has exported the record high volume of pork, of which 33,000 were supplied abroad and 18,000 tonnes to Crimea.

According to the expert, if Russian food sanctions against Ukraine enter into force, pork exports in 2016 will be minimal at around 10,000 tonnes, which will be delivered to Georgia, Kazakhstan, possibly to China.