Rising Geopolitical Tensions Harm Ukraine – MHP CEO

Panic moods over a possible conflict between Russia and Ukraine could have a negative impact on the Ukrainian economy. Foreign investors are beginning to wonder whether they should invest their money in a country “in such a state of hysteria”, said Yuri Kosyuk, chairman of Ukraine’s largest chicken meat producer, MHP.

The negative investment climate could slow the development of Ukraine’s economy, Kosyuk said, adding that things shouldn’t be tough enough to cause supply disruptions, so Ukrainians “should forget about empty shelves.”

Kosyuk said he is convinced that fears of a possible war between Russia and Ukraine are clearly exaggerated and that no war will actually happen.

During a press conference on January 28, Ukrainian President Volodymir Zelensky estimated that the country had lost around $12.5 billion due to reports warning of the high risks of a full-fledged war between the Russia and Ukraine. Zelensky admitted that he considers the threat of war on the eastern border to be high but not higher than in the spring of 2021.

MHP increases poultry production

In 2021, MHP produced 754,400 tonnes of chicken meat, up 3% from the previous year, the company said in a statement posted to the London Stock Exchange.

Overall sales remained relatively stable, totaling 704,000 tons, compared to 699,930 in 2020. Sales in Ukraine were down 11% year-on-year to 288,800 tons, while export sales were down. rose 8% to 402,400 tons, which partially led to lower sales of frozen poultry meat, MHP said.

The MHP also said the average price of chicken rose 22% from a year earlier to US$1.63 per 1kg.

The European segment, made up of Slovenian poultry processor Perutnina Ptuj, produced 111,970 tonnes of chicken and turkey, 10% more than in 2020, the company added. Sales were estimated at 72,840 tons, 16% more than the previous year. The sales increase was mainly driven by higher sales volumes in Bosnia and Herzegovina, Serbia and Austria.

Additionally, Slovenian meat processing plants produced 41,400 tonnes of finished meat products last year, up 5% from 2020. In this segment, sales amounted to 40,370 tonnes , 4% more than the previous year. The higher sales volumes were guaranteed by good sales momentum in Kosovo, Germany, Serbia and Croatia.

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