UKRAINE: Consumer demand boosts MHP chicken sales
Demand boosted volume of chicken sales by more than 60%
Agro-industrial company MHP said consumer demand for chicken remained high in the first quarter, boosting volume of sales by more than 60%.
For the first quarter ended 31 March, the volume of chicken meat sales to third parties reaching 83,000 tonnes as a result of the launch of the second phase of the company’s state-of-the-art Myronivka poultry farm.
All the firm’s poultry production facilities operated at their full production capacity during the first three months of 2010, the company said today (30 April).
Consumer demand for chicken remained high and the company said it was able to sell close to 100% of the chicken meat produced.
Average chicken meat sales prices to third parties for the three-month period remained “stable” year-on-year at UAH12.38 (US$1.56) per kg.
MHP’s average sausage and cooked meat prices during the quarter decreased by 2.9% to UAH16.98 per kg. The drop was due primarily to Ukrainian bacon producing sausage and cooked meat products aimed at the mass market and MHP shifting its product mix towards lower priced products in accordance with consumer demand.
The financial results for the first quarter of 2010 are expected to be announced on 20 May.
Ukrainian meat producer MHP posted a 35% increase in net income during the second quarter, which it attributed partially to foreign currency gains, as well as volume gains in chicken meat sales....
- Why personalisation will take-off in US food
- US food next wave on display at Winter Fancy Food
- Comment: Meal kits in US - don't believe the hype
- Column: Kraft Heinz, Unilever and sustainability
- General Mills sales woes continue - analysis
- Unilever 'lining up spreads sale'
- UK own-label firm Park Cakes sold in MBO
- Immigration crackdown "risk" for US dairy industry
- BRF plant suspended amid bribery allegations
- Brazil giants JBS, BRF probed over alleged bribery