Agroholding MHP, the largest producer of chicken meat in Ukraine, in July 2022 reduced chicken production by 8% – to 52.04 thousand tons, but increased its sales by 4% – to 56.54 thousand tons, the agricultural group on the London Stock Exchange on Friday.
It is noted that the operating activity of the holding is still below last year’s figures due to the full-scale Russian invasion of Ukraine: in July 2022, chicken production amounted to 81% of July 2021, and its sales – 88%, respectively.
It is specified that in the domestic market in July 2022, chicken sales remained at the level of July 2021 and June 2022 – 25.56 thousand tons. Chicken export in July this year amounted to 30.98 thousand tons, which is still 20% less than in July last year, but 3% more than last month.
Thus, the share of chicken exports in July of this year decreased by 5 percentage points (p.p.) against July 2021, to 55% from 60%, but increased by 3 p.p. compared to June 2022.
The average selling price of poultry meat in July increased by 21% year on year – up to $2.1/kg, and by 2% compared to the previous month.
During the reporting period, MHP also reduced sales of meat products and semi-finished products by 49% compared to July 2021, to 2.5 thousand tons, but this figure was 1% higher than in June 2022.
According to the agricultural holding, in July 2022, sales of sunflower oil increased by 1.9 times compared to July last year and by 13% compared to June of this year, to 22.55 thousand tons. At the same time, sales of soybean oil decreased by 5.8 times by July 2021 and by 3.5 times by June 2022 to 1.16 thousand tons.
“Harvesting of winter crops (wheat, rapeseed, etc.) is being carried out on an area of about 69.7 thousand hectares. Rapeseed harvesting has been completed on about 27.5 thousand hectares with a yield of about 3.8 t/ha. Wheat harvesting continues on an area of about 40.7 thousand hectares, 85% completed, with a current yield of 5.5 t / ha,” the agricultural holding states in a stock exchange message.
According to him, spring crops are in good condition. In general, the weather conditions are also relatively favorable for a good harvest, apart from a number of regions with extremely hot and dry weather conditions.
MHP is the largest chicken producer in Ukraine. It is also engaged in the production of cereals, sunflower oil, meat processing products. On the European market, MHP supplies chilled half-carcasses of chickens, which are processed, including at its enterprises in the Netherlands and Slovakia. In February 2019, the agricultural holding completed the acquisition of the Slovenian company Perutnina Ptuj.
MHP generated $393 million in net profit in 2021 against a net loss of $133 million in 2020, while its revenue grew by 25% to $2.37 billion.
The founder, majority shareholder and head of the board of MHP is Ukrainian businessman Yuriy Kosyuk.
