Ukraine’s largest egg producer greatly decreases production
Monday, 10 May 2021
Ukraine's largest egg producer Avangard experienced a twofold decline in egg production due to continuing pressure from law enforcement agencies over the past year, the company's owner Oleg Bakhmatyuk told the local publication Interfax.
The production decline is also attributed to a sharp increase in the price of raw materials, in particular fat and oil, bagasse, and cereals, which are commonly used in the egg industry. Over the course of the past several years, Avangard has had to close some of its assets. “In fact, 12 poultry farms have been closed, and now the 13th is about to be closed as well,” Bakhmatyuk said, adding that currently, 13 farms are still operating.
In early 2020, Avangard ran 7 trade houses used to export products to Hong Kong, Singapore, Malaysia, Iraq, Liberia, Saudi Arabia, and Dubai. Currently, only the one in Dubai is still operating.
The production decline has contributed to the price hike on the Ukraine egg market, Bakhmatyuk said.
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