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MHP increases chicken sales by 13%

Ukraine's largest poultry producer, MHP, has increased sales of chicken for the third quarter of 2011 by 23% and for the first nine months of 2011 by 13% compared with the same periods of 2010 - reported representatives of the company.

In the third quarter of 2011 sales rates of chicken meat in comparison with the third quarter of 2010 increased by 23% and reached the level of 99,900 tonnes. In the first nine months this index has increased by 13% to 282,000 tonnes.

According to the market experts, the increase was achieved due to growth of production volume through the efficient use of production capacities and also a reduction in the number of residual stock of products in warehouses. Demand for chicken meat in the domestic market remained high, and the company has sold about 100% of its production. Export sales in the first nine months of 2011 have almost doubled over the same period of last year the official statement of the company said.

The average price for chicken in the Ukrainian market in the third quarter of 2011 increased by 15% (compared with the third quarter of 2010) which was in line with global trends of growth in prices for chicken, that was mainly caused by an increase in grain prices. During the first nine months of 2011 average price of chicken in Ukraine increased by 7%, to US$ 1.9. per kg.

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