Pork imports: a new anti-record in January


The year 2023 was marked by record low import activity for the pork market, but January is no less surprising. The dynamics of external pork supplies were monitored by analysts of the Association of Ukrainian Pig Breeders.

"In January, pork imports (UKTZED 0203) set a new anti-record since 2018, amounting to 141.8 tons in the first month of the year. This is 2.4 times less than in December and 13.5 times less than the volume of pork supplies in January 2023. In foreign currency terms, imports amounted to 386.5 thousand dollars. The average price of a kilogram of imported products decreased to 2.73 USD. USD against 3.11 USD a month earlier. USD a month earlier," ASU analysts report, citing preliminary customs statistics.

"The weakening of pork import activity, which began last October, continued in January. The volume of available domestic supply during the first three weeks of the month continued to put pressure on the price of pork in the purchase. On the one hand, this reduced the need for market operators to purchase additional volumes of raw meat, and on the other hand, it made imports even less economically attractive. However, even with the change in the direction of price movement, there is no revival among importers. Although operators do not note any additional non-price barriers or logistical difficulties, they satisfy their needs for raw meat at the expense of domestic production," the industry association comments.

The Association of Ukrainian Pig Breeders is a non-profit, voluntary organization founded by Ukrainian pork producers. The main purposes of the association are representation and protection of rights and interests of farms of the association, assistance in development and introduction of new technologies for efficient production of pork, expansion of sales markets, and protection of domestic sales market.