Ukrainian egg market hit with oversupply

Published 2024년 10월 23일

Tridge summary

Ukraine is experiencing an egg market oversupply after nearly two years of shortage, despite record-exporting numbers. The country produces over 100 million eggs per month, surpassing demand due to increased laying hen numbers. The surplus is exacerbated by the saturated poultry meat market and ongoing power outages. In the first half of 2024, Ukrainian egg exports rose significantly to Europe and other countries, potentially causing market imbalances. European farmers are expressing concerns over the import volume, suggesting the possibility of increased exports from Ukraine to balance the market, with proposals for fair import duties and direct economic support from these countries to Ukraine.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Following nearly 2 years of shortage, the Ukrainian egg market has started experiencing oversupply, Yevhen Khailov, sales director of Incuba, a local egg manufacturer, revealed. The surplus is felt despite record-breaking exports. Ukraine is now manufacturing over 100 million eggs per month, Khailov told a local publication, Our Poultry Farming. Production has exceeded demand as multiple farmers struggled to ramp up production, as the market has been in short supply in recent years. Too many companies boosted the number of laying hens, Khailov added. Similar situations have already happened in the past, but now farmers are limited in their opportunities to lower their laying hen population as the poultry meat market is fully saturated, too, Khailov stated. “In addition, long power outages pose a problem for farms, making it difficult to slaughter birds and store meat,” he said. ALSO READ: Ukraine’s MHP sees a drop in net profits in 2024 Rising exports In the meantime, Ukrainian ...

Source: Poultryworld