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Grain Oversupply and Lower Feed Prices Bolster Ukrainian Livestock Industry
As Ukraine keeps experiencing difficulties exporting grain, domestic feed prices have been following a downward trajectory for several months.
During the past three months, domestic feed prices in Ukraine have plummeted, commented Maxym Gopka, an analyst with Ukrainian Agribusiness Club UCAB. As a result, in the pig industry, feed now accounts for a 19% lower share in production costs than in June, while in the chicken industry, this figure has dropped by 17%. Cheap feed helps the Ukrainian livestock industry.
"Prices are quite low, and this helps the industry to...