You're reading: MHP increases poultry sales by 29 percent in Q3, 2013

Myronivsky Hliboproduct's (MHP) sales of chicken meat to external consumers in July-Sep. 2013 constituted 120,080 tonnes, which is 29 percent higher than in Q3, 2012, reads a report of the company issued on Tuesday.

The report says that the average price did not change compared to the second quarter of 2013, at Hr 16.20 per kilogram (excluding VAT).

During the first nine months of 2013, third parties sales amounted to 325,430 tonnes of poultry, which is 19% higher than in 9M 2012. Despite the fact that average chicken price in Q3, 2013 remained almost at the same level as in Q2, 2013, through the first nine months of 2013 average chicken prices decreased by 6% to Hr 16.21 per kg in adjusted weight (excluding VAT).

Owing to the increasing production volumes at the Vinnytsia poultry farm, poultry production volumes in Q3, 2013 increased by 17%, to 122,350 tonnes (Q3, 2012: 104,600 tonnes) and in 9M 2013 increased by 18%, to 346,940 tonnes (9M 2012: 294,790 tonnes).

Implementing the company’s strategy of export sales growth, during the third quarter of 2013 the volume of chicken meat exports was 2.3 times higher the volumes of Q3, 2012, and reached around 30,000 tonnes. During the first nine months of 2013, poultry export sales were 2.6 times higher than the volumes of 9M 2012, and reached 84,780 tonnes.

As a result of increased production of fodder meal at the Vinnytsia complex, in Q3, 2013 MHP sold 64,100 tonnes of sunflower oil, which was 22 percent higher than in Q3, 2012, mainly for export. The average price of $1,057 per tonne in Q3, 2013 was 3 percent lower than in Q3, 2012 ($1,084 per tonne) in line with world market trends. Sales over 9M 2013 were 175,260 tonnes of sunflower oil, which was 19 percent higher than during 9M 2012. The average price during 9M 2013 remained at the same level as in 9M 2012.

During the third quarter of 2013, sausage and cooked meat production volumes decreased by 7 percent, to 9,360 tonnes, compared to 10,100 tonnes during the third quarter of 2012. During the first nine months of 2013 volumes decreased by 4 percent, to 25,470 tonnes (9M 2012: 26,610 tonnes).

At the same time the average sausage and cooked meat prices during the third quarter of 2013 increased by 8 percent to Hr 24.16 per kg excluding VAT (Q3 2012: Hr22.34 per kg) and through the first nine months of 2013 increased by 6 percent to UAH 23.34 per kg excluding VAT (9M 2012: Hr 22.02 per kg).

MHP is the largest poultry producer in Ukraine. It is also engaged in the production of grain, sunflower oil and other foods.