Ukraine earns higher revenue from poultry exports

Published Feb 8, 2023

Tridge summary

In 2022, Ukrainian poultry exports reached a value of $852.9 million, a 18.6% increase from the previous year, despite a 10.3% decrease in physical sales. The Netherlands, Saudi Arabia, and Slovakia were the main export markets. The revenue increase was driven by a rise in global broiler meat prices, but farmers faced challenges such as power outages, which increased production costs and led to the use of diesel generators. MHP, Ukraine's largest poultry producer, experienced operational disruptions due to missile attacks on electricity generation stations.

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Original content

Last year, Ukrainian poultry exports totalled US$852.9 million, which is 18.6% higher than in 2021, the Ukrainian Customs Service estimated. In physical terms, Ukraine sold 413,000 tonnes to foreign customers, which is 10.3% down compared with the previous year. The key sales markets for Ukrainian poultry farmers were the Netherlands (29.6%), Saudi Arabia (25.8%) and Slovakia (7.6%). Higher revenue was primarily secured by a rise in global broiler meat prices. In 2022, poultry prices rose by nearly 10% on the domestic market, while export prices climbed by almost a third against 2021. On the other hand, Ukrainian poultry farmers continued to suffer from power outages. Sergiy Karpenko, executive director of the union of poultry farmers, told local publication, Zerkalo Nedeli, that the nearly constant electricity shortage in the common energy grid has had a negative impact on operations and drove prices up. “Power outages are forcing manufacturers to revise their production plans ...

Source: Poultryworld