The Poles accuse the Ukrainian agricultural holding MHP of destroying the chicken market
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The Poles accuse the Ukrainian agricultural company MHP, which received more than a fifth of loans from the European Bank for Reconstruction and Development (EBRD), of oversaturating their market with Ukrainian chicken.
About this writes Financial Times.
Since 2022, the EBRD has allocated $890 million in loans to Ukrainian agribusiness – producers of eggs, poultry meat and sugar, in particular, the largest poultry company MHP. It has received more than 20% of all EBRD loans over the past two years.
According to Polish opposition MP Janusz Kowalski, poultry farming in Poland is collapsing, while Ukrainian companies are “getting rich”.
At the same time, MHP executive director John Rich disagreed that the company’s business was undermining production in Poland. In his view, MHP exports generally did not affect prices in the EU, as MHP essentially took some market share away from other exporters by substituting them.
Rich also added that if the EU restores restrictions on the import of Ukrainian chicken, the MHP will reorient exports to Saudi Arabia and other markets where demand is growing.
Read also: How the Polish blockade affected Ukrainian trade
We will remind:
Polish farmers on Tuesday strengthened protests near “Medyka-Shegini” PE. Protesters blocked the railway and spilled grain from a freight car onto the tracks.
Polish farmers who block movement near the checkpoints with Ukraine, announced plans to extend the protest for another month – until April.
It was reported that if Ukraine’s border with Poland is not unblocked by the end of the month, the country’s budget may to lose 7.7 billion hryvnias.
PJSC “Ukrainian Danube Shipping Company” (UDP) begins to form container caravans to provide an alternative logistics route across the Danube, bypassing the blocked border in the west of the country.
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