MHP doubles chicken meat exports in five years — Kosyuk

The Myronivsky Hliboproduct (MHP) agro-industrial holding will double its annual volume of poultry exports within five years, Financial Times writes.

Between 2007 and 2017, MHP’s poultry production — which accounts for about half of Ukraine’s output — surged from 173,000 tons to 566,000, according to company-provided figures. Revenues more than doubled to USD 1.3 bln.

"We will become the European [equivalent of] Brasil Foods or Tyson," says Yuri Kosyuk, the owner of the agricultural holding Myronivsky Hliboproduct (MHP).

He predicts that MHP will double its annual volume of poultry exports, which now stand at 260,000 tons, within five years. Around 30 per cent of this lands in the EU.

"This expansion has alarmed competitors. Quoted in recent media reports, lobby groups representing EU producers have accused MHP of circumventing tariffs and quotas by merely slicing off bones at its EU facilities," the message reads.

MHP says it complies fully with the Ukraine-EU trade agreement and does not use any loopholes. 

"Those who fear competition are afraid of change, and they are behind these nasty reports," says Yuri Kosyuk. "They can’t compete. Their business models are old, their management is aged . . . we are younger, hungrier, more modern and more productive."

Reference: in the first half of 2018, MHP increased poultry exports by 9% and reached 133,564 tons of supplies compared to H1 2017 (123,042 tons), mainly driven by the growth of exports in Q1 2018.