MHP poultry sales up in third quarter 2011
Increase in production, decrease in stocks contributed to numbers
The volume of MHP S.A.'s chicken meat sales increased by 23% to 99,900 metric tons in the third quarter of 2011 and by 13% to 282,000 metric tons during the first nine months of 2011, when compared to 2010 numbers, according to the company's recently released financial report.
These results are mainly a result of a production increase due to more effective use of existing capacity as well as due to decrease in stocks, said the company. Domestic demand for chicken meat during the first nine months of 2011 remained high and MHP was able to sell close to 100% of the chicken produced. Export sales for the first nine months of 2011 increased by almost two times compared to the same period in 2010.
The average chicken meat price through the third quarter of 2011 increased by 15%, to UAH 16.11 (US$2.01) per kilogram of adjusted weight (excluding VAT), when compared to the third quarter of 2010. Through the nine months of 2011, average chicken prices increased by 7%, to UAH 14.39 per kilogram (US$1.80), as prices were almost flat in the first half of 2011.