July 18, 2012


Ukraine's Myronivsky Hliboproduct Q2 poultry meat sales down 1.3%



Myronivsky Hliboproduct (MHP) sales of poultry meat in the second quarter of 2012 dropped by 1.3% or 1,240 tonnes to 96,560 tonnes against the same period of 2011, reads a statement made by the company.


The average prices for chicken meat in the second quarter of this year were standing at UAH17.48 (US$2.16) per kilogramme (net of VAT), up 25% on year (UAH 13.97 or US$1.73 per kilogramme).


In the first half-year the volume of poultry meat sales reduced by 0.3% to 181,600 tonnes, while the prices for chicken meat rose 27.5% to UAH17.14 (US$2.12) per kilogramme against the first half of 2011.


MHP notes, consumer demand for poultry meat was remaining high in the first half-year, and the company managed to sell about 100% of the products made.


In the first half of 2012 the volume of exports of chicken meat continued the growing dynamics and reached almost 20,000 tonnes, by 30% more than in the first half of 2011.


As Ukrainian News earlier reported, MHP in the January-to-March quarter of 2012 saw its sales of chicken meat up 0.88% or 740 tons to 85,040 tons over the first quarter of 2011.


Myronivsky Hliboproduct finished 2011 with a net profit of US$259 million, its net revenue up 30.2% or US$285 million to US$1,229 million over 2010.


Myronivsky Hliboproduct is a vertically integrated open joint-stock company consisting of enterprises producing fodder and incubation eggs as well as enterprises breeding cattle and chicken.


Myronivsky Hliboproduct produces poultry meat under the Nasha Riaba trademark, semi-finished meat products under the Lehko trademark, beef delicacies under the Certificated Angus trademark, and goose liver delicacy under the Foie Gras trademark.