Agricultural holding MHP, the largest producer of chicken in Ukraine, in November 2022 increased production of chicken by 9% to 64.89 thousand tons compared to the previous month, while its sales decreased by 2% to 60.69 thousand tons, according to the report of the agricultural group on the London Stock Exchange on Friday.
It is noted that the volume of chicken production in November 2022 is only 1% behind the same month of pre-war 2021, while its sales exceeded last November’s figures by 1%.
It is specified that the share of chicken exports in November this year increased by 2 percentage points (p.p.) over October 2022, and by 5 p.p. over November 2021, to 60% and 63%, respectively.
A total of 38,39 thousand tons of poultry were exported this November, up 2% from October 2022 and 5% from November 2021.
The domestic market sold 22,31 thousand tons of poultry in November 2022, 10% less than the previous month and 12% more than last November.
The average price of poultry sold in November 2022 decreased 4% to $1.85/kg compared to $1.75/kg (6% less) in November last year.
During the reporting period, MHP reduced sales of processed meat products and semi-finished products by 15% compared to October – to 2.97 thousand tons, and this figure is still 43% lower than in November 2021.
According to the agricultural holding, in November 2022 sales of sunflower oil jumped second to October this year, and by 91% to November 2021, to 51,19 thousand tons, while sales of soybean oil decreased by 89% to October this year and by 64% to November last year, to 0.84 thousand tons.
MHP also noted that this season the holding is harvesting 335 thsd. ha, with sunflower and soybean crops fully completed and corn harvested on 90% of acreage.
MHP is the largest producer of poultry in Ukraine. It is also engaged in the production of grain, sunflower oil, meat processing products. To the European market, MHP supplies chilled half-carcass chickens, which are processed, including at its facilities in the Netherlands and Slovakia. In February 2019, the agroholding completed the acquisition of Slovenian company Perutnina Ptuj.
MHP posted a net profit of $393 million in 2021 versus a net loss of $133 million in 2020, while its revenue rose 25 percent to $2.37 billion.
Ukrainian businessman Yuriy Kosyuk is the founder, majority shareholder and board chairman of MHP.
