MHP poultry meat exports upsized 1.5x
In Q1 2019, MHP’s exports of chicken meat constituted 93,045 tons, 47 per cent higher than in the same period last year (Q1 2018: 63,144 tonnes), having exported its poultry to around 60 countries worldwide.
Export sales represented around 57 per cent vs. 47 per cent of total poultry sales volumes in Q1 2019 and Q1 2018, respectively.
"Since January 2019, MHP has commissioned into operations additional two rearing sites (brigades) and currently grows chickens at five brigades of the Vinnytsia Poultry Complex, Phase 2. MHP is expected to produce by around 15 per cent more chicken meat (around 100,000 tons) in 2019," the report says.
MHP’s overall production volumes of chicken meat in Q1 2019 increased by 13 per cent and constituted 171,272 tons (Q1 2018: 152,167 tons), as a result of new rearing sites launched into operations both in H2 2018 and in Q1 2019 (Phase 2 of the Vinnytsia Complex).
Sales of chicken meat to third parties in Q1 2019 increased by 21 per cent and constituted 164,004 tons compared to 135,307 tons in Q1 2018 as a result of a significant increase in exports. Domestic sales volumes remained stable year-on-year.
Earlier it was reported that MHP's revenue reached USD 1,556 million, 21 per cent up year-on-year (12M 2017: USD 1,288 million).