Ukraine: Livestock and Products Update
The political and economic turmoil in Ukraine prompted a sharp decrease in red meat imports and a contraction in consumption. In 2015, production will continue to decline impacted by currency exchange rate swings, weakening domestic demand, and a substitution to lower-priced poultry products. Ukraine will maintain limited red meat exports supported in part by a weak national currency. Imports will remain low. Ukraine is not expected to fulfill Europe’s import TRQs due to the lack of approved facilities. Access to products from the European Union (EU) into Ukraine’s market will remain subject to import duties. Import demand will continue to concentrate on the lowest market segments for further processing.
