Page 28 - PET worldwide issue 02/2022

Markets

Photo: Geralt, Pixabay

The pet sector is showing
major support for Ukraine.

War gives rise to new

uncertainties

The pet supplies sector is following the war in Ukraine with con-
siderable sympathy for the plight of the Ukrainian population,

but also with concern for the economic consequences of the
Russian invasion. An overview.

“The market is evidently reacting the weather. In the USA in particu- Collar Company, an internation-
to the worsening war situation lar, the dry conditions in the Mid- ally active manufacturer of pet ac-
in Ukraine and the prospect of West and on the southern plains cessories in Ukraine, is appealing
grain being in short supply for a are causing a critical situation with to the pet sector for urgent assis-
long time yet.” This is the verdict regard to American winter wheat, tance. More information on how to
Up-to-date of analysts covering the market according to the analysts. The har- help the company can be found at
the website https://collarglobal.
vest is expected to decline by 21
for cereal commodities. Produc-
reports always tion risks in 2022 and the strong points compared with last year. com/help.
online international demand are driving Ukraine cannot currently ex- Just a year ago, Collar Company
wheat prices to a new high, which port grain, nor is work in the was presented with the PET world-
What are the direct and indi-
rect consequences of the war will ultimately also have a big im- fields possible to any great ex- wide Product of the Year Award.
pact on pet food production. tent. The wheat harvest is ex- Now the firm is in a difficult situ-
in Ukraine for the pet supplies Last Tuesday alone, wheat pected to fall this year to 18.2 ation; its production facilities and
sector? How are retailers and prices increased by 20 euros to mio tonnes from 33 mio tonnes office buildings in Chernihiv have
manufacturers assisting peo-
ple and their pets in Ukraine? 400 euros per tonne. Maize has last year. At the same time, inter- been badly damaged by missile
You can obtain detailed, up- gone up by 8 euros and the new national demand is reported to attacks. Whether and when the
to-date information on this maize crop is rising by 12 euros. remain high, with top importers company will be able to resume
The price of rapeseed is increasing Egypt and Algeria continuing to operations there is completely un-
at our website via the link
by 20 euros to 990 euros. buy large quantities of wheat in certain at present.
www.petworldwide.net/ The situation is exacerbated by Europe. The company has a strong
ukraine-special
fears of production losses due to sense of commitment to its 596

28 PET worldwide 2|2022

PWW2022-02_Buch.indb 28 04.05.2022 10:14:49