April 22, 2019

MHP Q1 poultry sales rises 21%


Myronivsky Hliboproduct (MHP) sold 164,004 tonnes of poultry from January to March 2019, a 21.2% rise compared to the same period of 2018, Interfax-Ukraine reported.

The average selling price of poultry remained at the level of the previous year at UAH 38.63 per kilogram (~US$1.44 per kg). In the first quarter, export prices for poultry, as well as prices in the domestic market, remained nearly unchanged in annual terms.

Export sales of MHP in the first quarter rose by 47% to 93,050 tonnes, while sales in the domestic market declined by 2% compared to the same period last year, to 70,960 tonnes.

"MHP exported poultry to almost 60 countries of the world. Export sales accounted for about 57% of total poultry sales in the first quarter of 2019 against 47% for the first quarter of 2018," the holding says.

MHP's total volume of poultry production in January-March 2019 grew by 13% to 171,272 tonnes due to the launch of new farms both in the second half of 2018 and in the first quarter of 2019 (the second phase of Vinnytsia poultry farm).