MHP increased poultry meat export by 23% in 9M 2017

In the first 9 months of 2017, Myronivsky Hleboproduct (MHP) exported 176.02 thousand tons of poultry meat, which is 23% more than in the same period last year (9M 2016 — 142.79 thousand tons).

According to the company's report, in Q3 2017, the volume of poultry meat exports amounted to 52.99 thousand tons, which is 8% less than in the same period last year.

"MHP continued to follow a strategy of both geographic diversification and a product mix optimization building-up its export volumes of chicken meat mainly in the EU and African countries as well as to UAE and Saudi Arabia. Out of total poultry sales volumes, poultry exports in 9M 2017 constituted around 42% vs 35% in 9M 2016," the report states.

It is noted that domestic sales of poultry meat in 9M 2017 decreased by 7% to 243.07 thousand tons.

During the first nine months of 2017 third parties sales amounted to 419,080 tons of poultry, which is 4% higher than in 9M 2016.

Reference: in 2017 MHP plans to export about 220 thousand tons of poultry meat.