Pork imports into Ukraine increased three times in May

Pork imports increased over three-fold in May m-o-m to 3.2 thousand Mt, including fresh, chilled and frozen pork. This figure was provided by the Ukrainian Association of Hog Breeders (ASU), represented by head of analytic department Olexandra Bondarska, press-service of the ASU reports.

Statistics show that pork imports in May were significantly higher driven by imports from Canada, Poland and Germany. The share of those countries was 75% of overall pork imports. Thus, pork imports from Canada were 1 thousand Mt of frozen pork valued at $2.3 million, what is more than 1/3 of total pork imports over five months of 2020 from the country. Polish imports were 0,8 thousand Mt of pork (share of pork imports from Poland made more than 66% over 5 months), and German pork imports accounted for 0,43 thousand Mt in May, and this was about 50% - share of total imports in January through May.

The major reason for pork imports growth was low global pork prices vs. 2019. The average level of prices on local pork was 2% higher against last year level.

According to the Ukrainian Association of Hog (ASU), pork imports in May made 48% of overall pork imports over five months of 2020. At the same time pork imports during the first three months of the current year were very poor. Therefore, overall pork imports since the year beginning have been 35% less y-o-y in volume, and 27% down in value. In January through May 2020 fresh, chilled and frozen pork imports into Ukraine were 10 thousand valued at $19.1 million.

SOURCE: LATIFUNDIST.COM