Ovostar Union enhanced egg production in H1 2021

The company Ovostar Union, one of the largest egg and egg products producer in Ukraine, increased the volume of eggs produced by 5% YoY to 831 mln in H1 2021 (H1 2020: 793 mln).

Export sales of shell eggs totaled 144 mln (H1 2020: 169 mln), which represents 26% of the total number of eggs sold in H1 2021 (H1 2020: 34%). The average price of eggs in H1 2021 increased by 34% YoY in USD terms to 0.079 USD/egg (H1 2020: 0.059 USD/egg).

The volume of eggs processed in H1 2021 fell by 16% YoY and totaled 244 mln (H1 2020: 290 mln). The company produced 1 619 t of dry egg products and 5 691 t of liquid egg products (H1 2020: 1 782 t and 6 598 t, respectively).

The volume of dry egg products sold amounted to 1 622 t (H1 2020: 1 658 t), out of which 1 125 t, or 69%, were exported (H1 2020: 1 218 t, 73%). The volume of liquid egg products sold was 5 726 t (H1 2020: 6 401 t), out of which export sales equaled 1 743 t or 30% (H1 2020: 2 467 t, 39%).

As of 30 June 2021, the company’s total flock equaled 8.01 mln hens, including 6.63 laying hens (30 June 2020: 8.24 and 6.91 mln hens, respectively).

"In the first half of 2021, the market has showed signs of recovery after the steep downturn we saw in the previous two years. Shrinking of egg production volumes in Ukraine has somewhat balanced supply and demand, which subsequently eased the pressure on the selling prices inside the country. Fortunately, “Ovostar Union” has managed to increase the output and boost sales with a focus on the shell egg segment. In general, the management is content with the operational performance of the Group for the first six months of the year," comments Borys Bielikov, Ovostar Union CEO.

Egg production in Ukraine in the first half of 2021 dropped by 13.6% YoY.

In the reporting period, the U.A.E. remained the key importer of Ukrainian eggs.