Agroholding MHP, the largest producer of chicken in Ukraine, and in April 2022 due to the Russian military invasion of Ukraine reduced its production by 12% compared to April 2021 – up to 55.5 thousand. tons, and its sales – by 40%, up to 35 thousand. tons.
At the same time, foreign sales of chicken fell by 55% to 14.3 thousand. tons, while the Ukrainian market decreased by 20% to 20.7 thousand. tons, the company said on the London Stock Exchange on Tuesday.
Thus, the share of chicken exports in April 2022 decreased by 14 percentage points compared to April 2021 – from 55% to 41%. The average selling price of poultry meat increased by 18% to $ 1.8 / kg.
MHP also reduced the production of meat products and semi-finished products by 67% – from 4.44 thousand. tons in April 2021 to 1.45 thousand tons in April 2022.
“In March, due to the closure of ports, MHP recorded a significant decline in exports of poultry and vegetable oils. Since April, the company has been actively developing alternative routes to resume exports. In addition, the company’s local team has focused on improving poultry sales in Ukraine by optimizing logistics and sales channels, “the agricultural holding said in a statement.
In turn, in April, the agricultural holding doubled sales of sunflower oil compared to the same period last year, to 17.3 thousand. tons, and 30 times compared to March 2022, when export logistics from Ukraine were disrupted due to the Russian military invasion and blockade of its seaports by Russian ships.
MHP in April sold 2% less soybean oil than in April 2021 – 4.3 thousand. tons. However, this figure is 19% higher than soybean oil exports in March 2022.
“Spring sowing is completed on time and within the budget. Winter crops – wheat, barley, rapeseed – are in good condition. The company has access to all necessary PPE, pesticides and fertilizers, which are expected to be applied in a timely manner and in full,” the agricultural holding concluded. work in April.
MHP is the largest producer of chicken in Ukraine. Also engaged in the production of cereals, sunflower oil, meat products. MHP supplies the European market with chilled chicken carcasses, which are processed, including at its plants in the Netherlands and Slovakia. In February 2019, the agricultural holding completed the acquisition of the Slovenian company Perutnina Ptuj.
MHP in 2021 received $ 393 million in net profit against $ 133 million in net loss in 2020, and its revenue grew by 25% to $ 2.37 billion.
The founder, majority shareholder and head of the board of MHP is a Ukrainian businessman Yuri Kosyuk.
