MHP boosts chicken meat exports by 28% in Q1 2018

The agri-industrial holding Myronivsky Hliboproduct (MHP) in Q1 2018 exported 63.14 thou. tons of chicken meat, which is 28% more than over the corresponding period in 2017.

Export sales accounted for about 47% of the total sales of chicken meat 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 and the EU," the company informs.

Sales of chicken meat to third parties in Q1 2018 increased by 9% and constituted 135,307 tons of chicken meat compared to 123,931 tons in Q1 2017 as a result of the significant increase of exports. Domestic sales volumes decreased by 4% year-on-year.

MHP’s overall production volumes of chicken meat in Q1 2018 increased by 7% and constituted 152,167 tons (Q1 2017: 141,874 tons), as a result of a decreased percent of flock thinning and increased production of bigger broiler carcasses.

Reference: MHP during 12M 2017 exported 220,983 tons of chicken meat, which is 16% more as compared to 12M 2016.