Ovostar to increase egg production y/y to 831 million eggs in H1 2021
17:25
Ovostar Union increased its egg production to 831mn eggs in H1 2021 from 793mn a year earlier, the company said. The volume of eggs sold increased to 560 million units from 490 million a year earlier.
“Export sales of shell eggs amounted to 144 million (H1 2020: 169 million), accounting for 26% of the total number of eggs sold in H1 2021 (H1 2020: 34%),” according to a recent press release.
“Egg throughput volumes in H1 2021 decreased by 16% y-o-y to 244 million eggs (H1 2020: 290 million eggs). The company produced 1,619 tonnes of dry egg products and 5,691 tonnes of liquid egg products (H1 2020: 1,782 tonnes and 6,598 tonnes). The amount of dry egg products sold was 1,622 tons (H1 2020: 1,658 tons), of which 1,125 tons, or 69%, were exported (H1 2020: 1,218 tons, 73%). The volume of liquid egg products sold amounted to 5,726 tonnes (H1 2020: 6,401 tonnes), of which 1,743 tonnes or 30% were sold for export (H1 2020: 2,467 tonnes, 39%)” - it further reads.
The average price of dry egg products increased by 18% year-on-year to $4.69/kg (H1 2020: $3.96/kg); the average price of liquid egg products increased by 24% year-on-year to $1.56/kg (H1 2020: $1.26/kg). The average price of eggs in H1 2021 increased by 34% y-o-y in USD terms to USD 0.079/egg (H1 2020: USD 0.059/egg), it also stated.
“In the first half of 2021, the market showed signs of recovery from the sharp decline we saw in the previous two years. The reduction in egg production in Ukraine has somewhat balanced demand and supply, which consequently reduced the pressure on selling prices in the country. Fortunately, Ovostar Union was able to increase production and sales by focusing on the shell egg segment. Overall, management is pleased with the Group’s operating performance for the first six months of the year” - concluded Ovostar Union CEO Boris Bielikov, quoted in the material.
