This article is from the source 'independent' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at http://www.independent.co.uk/news/business/news/russia-annexation-crimea-2014-ukraine-chicken-price-huge-rises-vladimir-putin-a7547976.html

The article has changed 2 times. There is an RSS feed of changes available.

Version 0 Version 1
Russia's 2014 annexation of Crimea from Ukraine caused huge rises in chicken prices Russia's 2014 annexation of Crimea from Ukraine caused huge rises in chicken prices
(35 minutes later)
When Ukraine first accused Russia of invading Crimea just under three years ago, few were thinking of the effect on chicken prices.When Ukraine first accused Russia of invading Crimea just under three years ago, few were thinking of the effect on chicken prices.
Mironovskiy Hleboproduct, which rears one in three chickens consumed in Ukraine, said prices rose 10 percent in 2016. That follows a 39 percent surge in 2015, as the weakening hryvnia fueled demand. Twelve-month sales jumped 7 percent on the previous year, Kiev-based MHP said, driven mainly by exports. Mironovskiy Hleboproduct, which rears one in three chickens consumed in Ukraine, said prices rose 10 percent in 2016. That follows a 39 percent surge in 2015, as the weakening hryvnia fuelled demand. Twelve-month sales jumped 7 percent on the previous year, Kiev-based MHP said, driven mainly by exports.
The currency’s depreciation, initially triggered by the Russia-Ukraine conflict in 2014, accelerated after the central bank scrapped its indicative exchange rate in a bid to secure an expansion to its International Monetary Fund bailout.The currency’s depreciation, initially triggered by the Russia-Ukraine conflict in 2014, accelerated after the central bank scrapped its indicative exchange rate in a bid to secure an expansion to its International Monetary Fund bailout.
However, Ukraine’s poultry-price rally is in contrast with international markets. Export prices for chicken meat denominated in dollars decreased by 16 percent in 2016, “in line with global commodity trends,” MHP said. However, Ukraine’s poultry-price rally is in contrast with international markets. Export prices for chicken meat denominated in dollars decreased by 16 per cent in 2016, “in line with global commodity trends,” MHP said.
A closely watched quarterly poultry report by Rabobank in September had predicted an increase in global prices on reduced supply.A closely watched quarterly poultry report by Rabobank in September had predicted an increase in global prices on reduced supply.
BloombergBloomberg