You're reading: Bloomberg: How Putin’s Crimea invasion triggered a chicken price rally

When Ukraine first accused Russia of invading Crimea just under three years ago, few were thinking of the effect on chicken prices.

Mironovskiy Hleboproduct SA, which rears one in three chickens consumed in Ukraine, said prices rose 10 percent in 2016. That follows a 39 percent surge in 2015, as the weakening hryvnia fueled demand. Twelve-month sales jumped 7 percent on the previous year, Kyiv-based MHP said, driven mainly by exports.

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