According to the report, released by the company Ovostar Union increased total flock by 12% to 4.9 million hens compared to the same period in 2013. Laying hens stock is 23% higher at 4.1 million hens, compared to 3.4 million hens on June 30, 2013. Egg production was 11% higher at 468 million eggs compared to the same period of 2013; egg sales grew by 16% to 298 million eggs, including increase of export sales by 74% to 42 million eggs. Shell egg price grew by 17% to UAH 0.703 apiece, mainly due to increase of exports sales in total sales of the company.

Company processed 150 million eggs of the first 6 months of 2014 a 10.3% increase compared to 2013 level of 136 million eggs. Sale volume of dry egg products sold rose by 10% to 786 tons. Sales of dry egg products increased mainly due to growth of export sales of these products by 18% to 391 tons in the first half of 2014. Sales of liquid egg products were 7% lower, compared to the same period of 2014, at 2 962 tons. Company explained decline of liquid egg product sales by lower demand from Eastern parts of Ukraine over the period. Average sale price of liquid egg products was 9% higher at UAH 16.35 per kilogram, while price of dry egg products was 17% higher at UAH 53.19 per kilogram compared to the same period of 2013.

Ovostar Union launched laying hens house with the total capacity of 326 thousand hen places within Stavysche production site. Additionally company launched house for the parent flock of 29 thousand poultry places. Company was also authorized to export its goods to European Union, which is extremely relevant due to lift of import tariffs by the EU for Ukrainian agrarian producers and exporters in the spring of 2014. Financial analysts of UkrAgroConsult, Alex Morgun commented that the fact of increasing sales prices ащк the company is generally a positive thing, however, it is important to consider devaluation of Ukrainian Hryvnya in the beginning of 2014 of approximately 50%. Depending on the degree of the company on goods and services, purchased for foreign currency, as well as foreign debt, financial results of the company might differ significantly.

UkrAgroConsult has completed review and recommendations study on investing in Ukrainian Agrarian Sector. You can follow this link to find out more about the study “How to profit from Ukraine’s agricultural sector?”. In case you are interested in state of agrarian sector within CIS region, please follow the link below to read UkrAgroConsult quarterly report “Agrarian Business in Ukraine”. First issue is free of charge. You can subscribe to the report to receive it on a monthly basis.

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