March 6, 2009
World crisis upsets Ukraine's meat demand and trade
Developments of the world economic and financial crisis will result in a severe decrease in consumer income in Ukraine, hence, the government's review on the country's meat trade and consumption, reports the US Department of Agriculture.
Elimination of the major factor driving consumption and imports resulted in the decrease of red meat and poultry imports for the first time in the last 8 years, reports the USDA. With insufficient domestic production of both poultry and red meats, the market remains highly dependent on imports. A significant price drop observed in the world market in the same time period was not able to offset the negative consumption trends in the country. Negative macroeconomic developments are not over, thus exact consumption trends are difficult to predict with accuracy.
For more of the USDA report, please click here.
