Mironovskiy Hleboproduct SA, a Ukrainian agriculture company, plans to expand its land holdings in the next few years to boost grain exports, Chief Executive Officer Yuriy Kosyuk said.

Local land holdings may increase to 500,000 hectares (1.2 million acres) from 300,000 hectares, Kosyuk said yesterday in an interview at his Kiev office. Grain exports this year may jump to 700,000 metric tons from 250,000 tons last year, he said.

Ukraine may have a grain harvest of 60 million tons “in a couple of years,” the CEO said. This year’s harvest is estimated at between 42 million and 43 million tons by the country’s hydrometeorology center.

MHP climbed 22 percent in the past year in London trading, increasing the company’s market value to $1.85 billion.

Bloomberg