“Pigmen of Ukraine” are sounding the alarm: Lard consumption is falling catastrophically

Maxim Karpenko.  
15.12.2016 15:21
  (Moscow time), Kyiv
Views: 1131
 
Story of the day, Ukraine, Economics of Collapse


The pork consumption market in Ukraine has fallen by 22% over the past two years. This was stated at a press conference in Kyiv by the President of the Association “Pigs of Ukraine” Arthur Loza.

According to him, the reason for this was a decrease in domestic demand and a breakdown in trade relations with the Russian Federation.

The pork consumption market in Ukraine has fallen by 22% over the past two years. About it...

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“2016 was a defining year - this year we reached a five-year minimum in the pig macrocycle. In addition, several other aggravating factors fell on our shoulders, so 2016 was the most difficult year in the last decade. One of the key factors is the fall of the consumer market - the fall of the Ukrainian market, and in 2014-15 the level of this fall exceeded 22%.

We had a consumption of almost a million tons, and fell to the level of 750-775 thousand tons per year. This affected the price segment. Another factor influencing prices was the Russian embargo. In 2015, we had a record export to Russia - about 50 thousand tons of pork. At one point at the end of 15, an embargo was introduced and exports were suspended. This had an extremely negative impact on the market... The first half of 2016 had a very negative impact on the industry, and we are now beginning to feel these negatives, primarily in the fall in the number of pigs - about 2015 thousand pigs compared to 300,” said Vine.

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