Ukrainian poultry and grain company MHP on October 14 reported an increase in production volumes for the third quarter and nine months of the 2014 fiscal year. Both periods ended September 30.
The company stated that its poultry production volumes grew by 9 percent during the third quarter to 133,700 metric tons, while its poultry production volumes for the nine-month period was up 16 percent to 403,300 metric tons. MHP attributes much of its rise in production volume is a result of higher production at its poultry farm in Vinnytsia.
Reflecting an overall increase in poultry production, volumes during the third quarter of 2014, sales volume of chicken meat to external consumers constituted 144,790 metric tons, a 21 percent increase when compared to the same period one year ago..
During the third quarter of 2014, the volume of chicken meat exports was almost 48 percent higher than it was during the third quarter of 2013, reaching a volume of 44,580 metric tons.
During the nine months of 2014, poultry export sales were 20 percent higher than they were in 2013, reaching 102,145 metric tons
The company also stated when it released its financial results that it expects MHP’s grain growing operations to do well because of favorable weather conditions, operational efficiency and employment of best practice. Yields for all crops are expected to be good and “significantly higher than Ukraine’s average.”
MHP reports surge in Q3 poultry production
MHP, a Ukraine-based agro-industrial company focusing on the production of poultry and the cultivation of grain, has reported increase in production volumes for the third quarter (Q3) and nine months ended 30 September 2014. The third-quarter 2014 poultry production volumes grew by 9% to 133,700 tonnes, while nine-month poultry production volumes were up 16% to 403,300 tonnes.Read more at Food Business Review