October 19, 2010

Myronivskyi Khliboprodukt poultry sales up in Q3

Myronivskyi Khliboprodukt, one of the largest poultry meat producers in Ukraine, reported a 5.7% rise of its chicken meat sales to 81,000 tonnes in July-September, compared to the same period of 2009.

The Kyiv-based company said that over nine months of 2010, the chicken sales rose by 29.3% to 249,500 tonnes.

According to the report, the consumer demand for chicken in the third quarter was high, while the expenditures for production of chicken meat slightly rose due to grain prices growth.

Average prices for chicken in the third quarter of 2010 rose by 12% to UAH14.05 (US$1.76) per kilogramme (less value added tax).

The joint-stock company intends to raise production of poultry meat by 21% to 330,000 tonnes in 2010.

Myronivskyi Khliboprodukt is a vertically integrated enterprise that produces poultry meat, incubation eggs and fodder; and is also involved in breeding livestock for processing and selling ready-made products.

The company produces poultry meat under the Nasha Riaba trademark, semi-finished meat products under the Lehko trademark, and beef delicacy under the Certified Angus trademark.