News 775 views update:Mar 9, 2016

Ukraine poultry giant reports strong Q1 results

Ukrainian meat group MHP has said its poultry production facilities worked at full capacity during the first half of the year with poultry sales and exports both having increased.

As a result of increased production at its Vinnytsia poultry farm, poultry production volumes in the six months to the end of June increased by 18% to 190,180 tonnes. This resulted in sales volumes of chicken meat to external consumers increasing by 13% in the period.

At the same time MHP almost tripled its export sales of poultry meat in the second quarter of this year, compared with the same period in 2012. The jump is down to rapid expansion at its Vinnytsia facility, a vertically integrated poultry production site, combined with a static domestic market.

The firm has made inroads in the Middle East and expanded in former Soviet states, as well as parts of Africa and Asia. It is understood the firm is also eyeing up European countries.

A trade agreement, which will allow a quota of tariff-free poultry meat to be exported from Ukraine into the EU, looks set to be signed within the next 12 months.

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