Ukraine poultry producer sees exports triple
Ukranian processing giant MHP has almost tripled its export sales of poultrymeat in the second quarter of this year, compared with the same period in 2012.
The jump is down to rapid expansion at its Vinnytsia facility, a vertically integrated poultry production site, combined with a static domestic market.
The firm has made inroads in the Middle East and expanded in former Soviet states, as well as parts of Africa and Asia. It is understood the firm is also eyeing up European countries.
A trade agreement, which will allow a quota of tariff-free poultrymeat to be exported from Ukraine into the EU, looks set to be signed within the next 12 months.
MHP, in a trading update, also said its land bank had increased from 285,000ha in December 2012 to 360,000ha, mainly through acquisitions in Russia.
For a profile of MHP and an update on the EU-Ukraine trade agreement, look out for the August Poultry World