In June, chilled pig meat was more affordable for Ukrainians than in late spring. Thus, the average retail price of a kilogram of chilled pork in the first month of summer was 0.9% or 1.8 UAH/kg lower than in May and amounted to 191.9 UAH/kg. However, not all meat parts have fallen in price, analysts of the Association of Ukrainian Pig Breeders state:
"Although average prices for pork declined in June, the price tags of not all semi-finished products reacted in the same way. For example, the shoulder and hip part fell in price the most - by 2.3% and 2.8%, respectively. The change in prices of premium tenderloin and loin was almost imperceptible, as the average price for the month was adjusted by 0.3% or within 1 UAH/kg. On the contrary, the most popular part of the picnic season - the neck - went up by 1.6% in June."
"In addition to a decrease in purchase prices for pork (-10% compared to the average in May), a number of other factors also affect prices at the counter, including additional costs associated with adapting outlets to power outages. According to retailers' suppliers, not all of them were able to adapt to the force majeure circumstances. However, at the end of the month, most market players got used to the new realities and organized their work accordingly," the AUPB adds.
Industry analysts also noted that the decline in pork prices was synchronized with the similar dynamics of chicken prices (-0.8% against the average price in May), while beef added 5%.
Average retail prices for chilled pork in June 2024 and their change against the average price in May
Source: Analytical Department of the AUPB according to its own monitoring of retail chains
The Association of Ukrainian Pig Breeders is a non-profit, voluntary organization founded by domestic pork producers. The main goals of the association are to represent and protect the rights and interests of the association's farms, promote the development and implementation of new technologies for efficient pork production, expand sales markets, and protect the domestic market.