MHP sees a 43% increase in poultry exports
Ukrainian poultry producer MHP has increased exports by 43% in the first half of the year, reaching to a total volume of 190,500 tonnes, with MENA, the EU, Asia and Africa as the main destinations for its poultry products.
"MHP continued to follow a strategy of both geographic diversification and of a product mix optimization building-up the export volumes of chicken meat across the MENA, the EU, Africa and Asia. Total poultry exports in H1 2019 constituted around 55% vs 46% in H1 2018 of total poultry sales volumes," informs the company.
In the second quarter of 2019, the volume of chicken meat exports totalled 97,5 thou. tons and increased by 39% compared to the second quarter of 2018 volume — 70,1 thou. tons, and by around 5% higher compared to Q1 2019.
Poultry production volumes in Q2 2019 increased by 17% to 182,3 thou. tons (Q2 2018: 155,7 thou. tons) and by 6% higher compared to Q1 2019 (171,3 thou. tons). In H1 2019, poultry production volumes increased by 15% to 353,6 thou. tons (H1 2018: 307,9 thou. tons). The increase in the reporting periods is mainly driven by the increased production of chicken meat as a result of Phase 2 of the Vinnytsia Poultry Complex expansion.
"Since January 2019, MHP has commissioned into operations additional two rearing sites and currently grows chickens at five sites of the Vinnytsia Poultry Complex, Phase 2. Later this year MHP is planned to launch two additional sites. MHP is expected to produce by around 15% more chicken meat (around 100,000 tons) in 2019," the company's report states.
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