February 22, 2011

Ukraine to receive 10,000 tonnes of pork

The Ukrainian Government has declared that it will purchase 10,000 tonnes of pork meat, which will be bought by the State Reserves, according to the Agrarian Policy and Food Minister, Mykola Prysiazhniuk.

Prysiazhniuk said that the 10,000 tonnes of pork should have slaughter weight of UAH 13-14 (US$1.64-$1.76) per kg. "For now, 32 transactions are concluded with processing enterprises," said the minister.

Pork prices are currently low in Ukraine; however, with no export possibility and with a reduction in pig herds, price growth is expected. Despite the low pork prices currently, there are concerns that the situation may take a turn and a hike in prices may be looming in the future.