MHP does not expect significant losses from the ban on poultry meat import to the EU

At the end of 2016 the company MHP does not expect significant financial losses due to the ban on imports of chicken meat to the EU. This was reported on the London Stock Exchange website.

The MHP export structure is well diversified, with sales in 70 countries. Export to the EU is expected to be about 6% of the total poultry meat production, or 20% of the poultry meat exports in 2016.

The company expects that the regions free from avian influenza will be granted the permission to export to the EU countries within 10-14 days.

The avian flu has not been detected in any of the MHP poultry farms. The outbreak has occurred only in the private household in the village of Novooleksandrovka, Kherson region.

It is reported that MHP poultry farms are located in districts of Kiev, Cherkassy, Vinnitsa and Dnieper Regions.

We would like to remind that the EU has banned the import of poultry meat and by-products from the entire territory of Ukraine due to the highly pathogenic avian influenza registered in Kherson Region.