The Association of Pig Breeders of Ukraine estimates that the profitability of pig production in the country is very satisfactory, which contributes to its rapid development. The profitability level in pig breeding in Ukraine has reached 200% for another year. As a result, the number of animals in pig farms is gradually increasing, while pork imports are decreasing – reports Latifundist.
Pigs on top
As Oleksandra Bondarska, head of the analysis department of the Ukrainian producers' industry association, argues on the portal, the growing economic attractiveness of this sector in 2023 encouraged existing and new producers to increase production. As a result, since the beginning of 2024, the basic herd has increased by 7.1% compared to the previous year, and the total pig population has increased by 5.3%.
Pork imports are falling
There are regions where pig production has become particularly popular. For example, in Bukovina, in the first quarter of 2024, the pig population increased by 20.5% compared to the previous year. The domestic supply of pork in the first two months of the year jumped by 9.5%, and pork imports fell fivefold.
According to data from the Ukrainian Ministry of Agriculture, in January this year there were almost 5.1 million pigs in Ukraine, which is 3% more compared to the same period last year. 67% of the pigs bred are kept on commercial factory farms.
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