Myronivsky Hliboproduct SA, which rears one in three chickens consumed in Ukraine, said prices rose 10 percent in 2016. That follows a 39 percent surge in 2015, as the weakening hryvnia fueled demand. Twelve-month sales jumped 7 percent on the previous year, Kyiv-based MHP said, driven mainly by exports, as reported by Bloomberg.
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However, Ukraine's poultry-price rally is in contrast with international markets. Export prices for chicken meat denominated in dollars decreased by 16 percent in 2016, "in line with global commodity trends," MHP said.
A closely watched quarterly poultry report by Rabobank in September had predicted an increase in global prices on reduced supply.