MHP's poultry sales boosted by exports
The growth in total production was based on an increase in the production of heavier chicken and decreased share of thinning as well as due to the launch of new rearing sites.
During 9M 2018 third parties sales amounted to 449,215 tonnes of poultry, which is 7% higher than in 9M 2017, driven by growth in exports and following the strategy of poultry meat stock decrease starting from Q3 2018.
During the third quarter of 2018 the volume of chicken meat exports totaled 80,361 tonnes and increased by 52% compared to the third quarter of 2017 volume - 52,990 tonnes. During 9M 2018, poultry exports increased by 22% and reached 213,925 tonnes compared to 9M 2017 (176,015 tonnes), mainly driven by the growth of exports in Q3 and Q1 2018. MHP continued to follow a strategy of both geographic diversification and in a product mix optimization building-up the export volumes of chicken meat across the MENA, the EU, Africa and Asia. Total poultry exports in 9M 2018 constituted around 48% vs 42% in 9M 2017 of total poultry sales volumes.
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