Business news from Ukraine

Business news from Ukraine

OVOSTAR UNION SEES 24% RISE IN EGG PRODUCTION IN H1 2015

23 July , 2015  

KYIV. July 23 (Interfax-Ukraine) – Ovostar Union, one of the leading producers of eggs and egg goods in Ukraine, increased egg production by 24% in January-June 2015, to 580 million eggs, the company said in a press release.

Egg sales grew by 41%, to 421 million, and exports grew by 2.3 times, to 98 million. Thus, the share of exports of total egg sales was 23%.

The company said that the average price of eggs grew by 70%, to UAH 1.20 per egg.

As at 30 June 2015 the company’s total flock has increased by 21% year-over-year to 6.0 million hens. Furthermore, the laying hens flock increased by 12% year-over-year, to 4.63 million hens.

In H1 2015, the volume of eggs processed increased by 8% year-over-year, to 161 million units.

Sales volume of dry egg products increased by 19% year-over-year, to 937 tonnes, while the sales volume of liquid egg products decreased by 9% year-over-year, to 2 689 tonnes.

The average selling price of dry egg products increased 1.9 times year-over-year to 101.26 UAH/kg; the average selling price of liquid egg products increased by 52% year-over-year, to 24.85 UAH/kg.