Ukraine’s largest poultry producer MHP has restarted exports and is ready to begin a large-scale sowing campaign, a potential sign of optimism for the region’s commodities trade as Russia’s invasion continues to disrupt flows. The war is constraining crucial supplies of agricultural commodities that Ukraine sends to world markets, from grains to poultry, as the nation’s ports shuttered and vessels have avoided the region. Before Russia’s invasion of Ukraine, MHP - which also grows corn, sunflower, wheat and rapeseed - generated about 60% of its $1.9bn (€1.7bn) annual revenue from exports. “We are considering exporting by railways, but it is difficult because of the differences in infrastructure between the Ukrainian railways and the European railways,” MHP chief financial officer Viktoria Kapelyushnaya said in an interview. We have started poultry exports using trucks and in the nearest time expect to increase export volumes.

Source: Irish Examiner April 02, 2022 01:34 UTC