Sunflower oil sales by MHP up 2.1x

The agro-industrial holding Myronivsky Hliboproduct (MHP) in Q1 2019 increased sales of sunflower oil by 110 per cent to 99,826 tons compared to 47,506 tons in Q1 2018.

The company noted that the achieved indicator is a result of delivery terms change and is partially influenced by the increase in production.

In Q1 2019, soybean oil export sales decreased by 17 per cent to 15,152 tons compared to 18,255 tons sold in Q1 2018.

"The Company considers vegetable oils exports as one of the “natural hedge” routes accumulating additional hard currency revenues and protecting the Company from volatilities in the local currency," MHP says in the statement.

Earlier it was reported that 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.

The infographic guide Agribusiness of Ukraine 2017/18 is available by the link.