Myronivsky Hliboproduct (MHPC LI) announced plans to launch poultry exports to Russia in August, with annual export volumes projected at 25-30,000t, UkrNews reported. Russia on July 1 eliminated import restrictions on Ukrainian livestock, and MHP’s Myronivka Poultry Plant is one of only two facilities that were given the green light (see our news from July 1).

Dmytro Ushenko: The company’s annual export target amounts to 7-9% of our FY10 output forecast and could add around 4-5% to our FY10 EBITDA projection (currently at US$ 290mn). We estimate that at Russia’s 2009 market price, which was 34% above the Ukrainian average, MHP could earn a per-unit gross profit of UAH 11/kg, or 70% higher than it earned domestically.