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MHP reports record corn crop of 1.1 mmt

MHP reports record corn crop of 1.1 mmt

19 December 2011

MHP (MHPC LI), Ukraine’s largest poultry producer, reported on Friday its final figures for key crops harvested in 2011. The yield for corn, its key and latest crop, was 9.8 t/ha, up 26% yoy, and well above the average figures for regions where it operates of 7.3-8.0 t/ha this season. Yegor Samusenko: MHP correctly bet on corn this season, planting it on 43% of total acreage vs. 25% a year ago. Corn has been the best-performing crop in this farmer-friendly year in Ukraine.

MHP 2011 key harvest results

—————————————————————————————
                  MHP yield in  MHP yield in        Regions avg  % total  Cropped,  Production,
                  2011, t/ha     2010, t/ha  yoy  yield, t/ha*  acreage   ths ha           kt
—————————————————————————————
Corn                 9.8           7.8          26%      7.3-8.0      43%     107.9       1060.6
Wheat               5.1           4.7         10%      2.9-4.6      21%      52.2        267.3
Sunflower          2.7           2.6         7%       2.0-2.3      11%      27.0         73.5
Rapeseed           2.8          3.0         -7%      1.6-2.1       4%       9.2         25.4
Other                                                                          22%      54.1        285.8
Total                                                                                        250.3      1,712.6
—————————————————————————————

* Range for Vinnytsya, Kyiv, Cherkasy regions
Source: Company data, Concorde Capital

 

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