Business news from Ukraine

PRODUCTION OF MEAT AND EGGS IN UKRAINE UP

Milk production in Ukraine in January 2020 (excluding the temporarily occupied territory of Crimea, Sevastopol, the Joint Forces Operation area) decreased by 2.5% compared to the same period last year, to 545,200 tonnes.
According to the State Statistics Service, farmers produced 322,700 tonnes of meat (live weight) in January this year, which is 4.5% more than in January 2019.
Egg production in January-2020 increased by 7.4%, to 1.22 billion.

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UKRAINE INCREASES PRODUCTION OF MEAT AND EGGS IN JAN-NOV

Milk production in Ukraine in January-November 2019 decreased by 3.7% compared to the same period in 2018, to 9.08 million tonnes. According to the State Statistics Service, in January-November 2019, farmers produced 3.05 million tonnes of meat (live weight), which is 5.8% more than in the same period of 2018.
Egg production grew by 3.5%, to 15.51 billion units.

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UKRAINE INCREASES PRODUCTION OF MEAT BY 6.5%, EGGS BY 5.2%

Milk production in Ukraine in January-August 2019 decreased by 3.5% compared to the same period in 2018, to 6.74 million tonnes.
According to the State Statistics Service, in January-August 2019, farmers produced 2.15 million tonnes of meat (live weight), which is 6.5% more than in the same period of 2018.
Egg production grew by 5.2%, to 11.64 billion units.

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LEADING PRODUCER OF EGGS IN UKRAINE CUTS SALES BY 10%

Ovostar Union, one of the leading producers of eggs in Ukraine, in January-June 2019 reduced sales of eggs by 10.2%, to 610 million units due to a significant reduction in trade operations.
According to the company’s report posted on the website of the Warsaw Stock Exchange, the company produced 782 million eggs against 787 million units for the same period last year.
Exports grew by 14%, to 335 million eggs, thus, the share of export in the total structure of sales is estimated at 55%.
The group of companies said that the average price of eggs fell by 8.7%, to $0.063/piece compared to the same period in 2018.
As of June 30, 2019, the total number of hens at the holding was 7.6 million, which is 2.7% more than on the same date in 2018. The number of laying hens increased by 4.8%, to 6.5 million.
According to Ovostar Union, the volume of egg processing in January-June of the current year grew by 5%, to 293 million units. Production of liquid egg goods during this period rose by 19%, to 7,210 tonnes, dry egg products decreased by 8%, to 1,530 tonnes.

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UKRAINE SEES PRODUCTION OF MEAT RISE BY 5%, EGGS BY 7%

Milk production in Ukraine in January-April 2019 decreased by 2.3% compared with January-April 2018, to 2.769 million tonnes.
According to the State Statistics Service, meat (live weight) production in the country was 1.138 million tonnes, which is 5% more than in January-April 2018.
Egg production increased by 7.3%, to 5.344 billion pieces.

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MANUFACTURER OF EGGS AND EGG PRODUCTS IN UKRAINE OPENS SUBSIDIARY IN DUBAI

Ovostar Union agro-industrial group, one of the leading manufacturers of eggs and egg products in Ukraine, in 2018 opened a subsidiary in Dubai and bought two companies in Ukraine, the group reported in its annual financial report. “The group exports a large number of eggs and egg products to the United Arab Emirates. Assessing the potential and prospects for further expansion into the UAE market, in 2018 the group decided to open a company in Dubai. The charter capital was $28,000. The group owns 100% of OAE Food Trade FZE,” the report says.
According to the report, the volume of exports to the countries of the Middle East amounted to 26% of total sales.
In addition, in June 2018 Ovostar bought BVV Equipment LLC and BV Trading LLC (both based in Rokytne, Kyiv region). The purchase price was $2.1 million and $1.2 million, respectively. The goodwill of the enterprise is $51,000 and entirely belongs to the egg segment of the group.
According to the state register of legal entities and individual entrepreneurs, both enterprises are registered in 2016. The core business is production of food that are not assigned to other groups. The final beneficiaries are Borys Belikov and Vitaliy Veresenko.

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