Ukraine MHP boost sales

Ukraine MHP boost sales

Agricultural holding Myronivsky Hliboproduct (MHP) sold 135,307 tonnes of chicken meat in January-March 2018, which is 9% more than in the same period of 2017. The average selling price of the produce in Q1 increased by 23% year-over-year the year, to UAH 38.78 (excluding VAT) per kg, MHP said in a report on the website of the London Stock Exchange on Wednesday.

MHP's poultry prices on the domestic market remained almost at the same level as in Q4 2017, but 23% higher year-on-year due to low comparative basis in Q1 2017. The export price increased by 17% year-over-year as a result of MHP's export product mix change and increased sales to more profitable markets (market targeting strategy).

In Q1 2018, MHP's exports of chicken meat constituted 63,144 tonnes, which is 28% higher than in the same period last year (Q1 2017: 49,151 tonnes), having exported its poultry to 53 countries worldwide. Export sales represented around 47% of total poultry sales volumes in Q1 2018. "During the reporting period, following its export strategy, the company has been developing its exports mainly in the countries of the MENA [Middle East, North Africa] and the EU," the report said.