Ukraine poultry firm triples exports

By Vladislav Vorotnikov

- Last updated on GMT

Related tags Poultry products European union Livestock Poultry

MHP has tripled exports of poultry
MHP has tripled exports of poultry
Ukraine’s largest poultry producer MHP has tripled exports of poultry products during the first half of the year, company executives have announced.

The company also reported favourable production indicators and sales growth.

“Following the trend of the first quarter, exports of chicken have been tripled in the second quarter of the year and reached 31,550 tonnes (t), with six-month exports also tripled to 54,750t,”​ said the company in a statement.

“Overall, sales of these products to external customers in the second quarter increased by 18%, to 113,800t, and for the half year by 13%, to 205,300t.”

The company unveiled plans to increase production of poultry products and boost exports by commissioning the largest poultry farm in Ukraine and one of the largest in Europe, which should reach full production capacity in early 2014.

“The launch of the Vinnytsia poultry complex will allow us to increase annual poultry production by 10% before the end of 2015,”​ said MHP chairman, Yuri Kosyuk.

According to Kosyuk, the project is almost completed. “We now produce about 40% of the planned capacity and are happy that it turns in high-quality product with good costs. This is a good project. But it turned out so expensive that MHP will develop new projects through purchases in Europe and Russia,”​ he added.

According to Kosuk, MHP invested US$700m in the commissioning of this poultry farm so far, and the total investment is likely to grow to US$800m.

MHP also expects to increase exports of poultry products to 100,000t over the next few years. The company stated this goal will be achieved by exports to the European market, which began in September after the EU graned Ukrainian poultry access, as well as growing demand for Ukrainian chicken from countries in the Middle East.

Related topics Meat

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