OVOSTAR UNION, the Ukranian egg giant, has posted an operational update for its first half, covering the company’s production over the period to 30 June.

In it, the company’s CEO Borys Bielikov says a “significant price drop” both in Ukraine and abroad had created an “unfavourable market situation” for the business.

But the company had responded to the market, he said, by adjusting the production and sales plan.

The company’s flock was up 2% to 7.6 million birds, of that number 6.5 million were laying hens in production.

In the first half, it says 782m eggs were produced, of which 610m were sold.

Egg exports were up 10% when compared with the year before.

In the reporting period, 293m eggs were processed (+5% in comparison to the first half of 2018). The volume of dry and liquid egg products produced was 1,525 tons (-8% YoY) and 7,214 tons (+19% YoY) respectively.

Sales volume of dry egg products was 1 030 tons (-25% YoY), out of which 714 tons, or 69%, were exported (2018: 980 tons and 71% respectively).

The volume of liquid egg products sold grew by 20% YoY and reached 7 035 tons, out of which export sales totaled to 3 481, or 49% of sales volume, by 20% exceeding the level of the previous year (2018: 2 904 tons, or 50%).