17 October 2011
MHP (LSE: MHPC LI, N/R), a leading poultry producer in Ukraine, raised its sales volumes by 23% y-o-y in 3Q11 (up 13% y-o-y in 9M11), while prices also increased (up 15% y-o-y in 3Q11 and up 7% y-o-y in 9M11), the company reported in a trading update this morning. MHP said the price increase was due to global price trends and the lagged effect of grain price increases in Ukraine and the world at end-2010. The company said it plans to publish its 9M11 financial results on November 17.