MHP exported just about 160,000 tonnes of meat to the EU remaining 12 months
19 September 2024
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Ukraine’s greatest poultry manufacturer MHP does no longer be expecting Ecu Union (EU) import limits to have an important impact on its trade for the reason that cuts are small and exports will also be simply diverted, Reuters reported, mentioning its chairman.
The EU has set limits for positive agricultural imports from Ukraine after free-trade get right of entry to, granted to assist the rustic’s economic system following Russia’s invasion in 2022, angered farmers within the EU and contributed to rural protests this 12 months.
MHP remaining 12 months exported round 160,000 tonnes of poultry meat to the EU and this 12 months its exports are restricted to round 138,000 tonnes, Govt Chairman John Wealthy stated.
“It does not make a lot distinction for us, it is had no impact truly,” Wealthy stated in an interview overdue on Wednesday, including that the corporate used to be at its most manufacturing capability and has choice markets within the Heart East and Asia.
The corporate, Ukraine’s greatest meals manufacturer and one in all its biggest employers, plans to proceed to put money into Saudi Arabia and the Balkans because it seeks to diversify its profits from Ukraine.
“We are making an investment within the Balkans house… we are making an investment in Saudi Arabia. There is not any query that we will be able to proceed to take a position there,” he stated.
Huge acquisitions can be tricky, on the other hand, so long as Ukraine is locked out of world capital markets, Wealthy stated.
The corporate isn’t making an investment in new bulk poultry manufacturing amenities in Ukraine, however is making an investment in value-added processing and services and products, he stated.
It’s construction a biogas plant that may assist to scale back dependence at the Ukrainian electrical energy grid, which has been broken through the battle, and to chop the corporate’s carbon footprint and plans further investments within the house.
“Power independence is an general function. No query. do we build up biogas amenities? Sure, no query,” he stated.