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New Report Sees Ukraine's Poultry Growing Fast

by 5m Editor
30 September 2009, at 9:46am

UKRAINE - Growth in the poultry sector is predicted to approach 50 per cent over the next four years.

Agriculture in the Ukraine, once the bread basket of Europe, has fallen on sorry times since the collapse of the Soviet Union and independence in 1991. Now, however, in some sectors, a recovery is under way, according to Ukraine Agribusiness Report Q4 2009 published by Companies and Markets.

It reports that the emergence of a new class of efficient farms can clearly be seen in the poultry sector, which is forecast to grow between 2009 and 2013 by 47.1 per cent. Despite the recession growth is still expected, if at a slower rate, partly because poultry's relative price advantage over other meats will continue to attract customers.

Two large, profitable firms account for more than 70 per cent of production. One of these, Myronivsky Hliboproduct (MHP), said in its 'Pre-close trading update for the first half of 2009', released in July, that healthy consumer demand helped ensure the company was able to sell nearly 100 per cent of the chicken produced. The company had also successfully launched phase two of the Myronivka poultry farm in the second quarter.

In June 2009, five poultry and egg businesses were inspected by the EU. The EU Commissioner for Agriculture was reported in Kyiv Post as saying that the country had potential to expand its agriculture but in order to access EU markets it was important to respect sanitary and veterinary standards, especially now when negotiations were underway to create a joint trade zone.

Further Reading

- You can view the full report (fee payable) by clicking here.