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Ovostar Reports Operational Results for the First Half of 2020
Ovostar Union Public Company Limited, a vertically integrated holding company, one of the leading egg and egg products producer in Ukraine, announced its operational results for the six months ended 30 June 2020.
As of 30 June 2020 the Company’s total flock equaled 8.24 mln hens, including 6.91 laying hens (30 June 2019: 7.56 and 6.51 mln hens respectively).
The volume of eggs produced in H1 2020 was 793 mln demonstarting 1% increase YoY (H1 2019: 782 mln). In the reporting period the sales volume in the egg segment totaled...
PODCAST: Market Update on Eggs with Brian Moscogiuri
This week, Laura sat down with Brian Moscogiuri to cover price fluctuations since record highs in March, rebounding COVID-19 cases impact on demand, cage-free production and trends, and the European egg market reaction to the pandemic...
Carrefour Introduces a Method for Avoiding Male Chicks to Be Culled
As part of its food transition plan, Carrefour and Loué have entered into a partnership to produce and sell eggs laid by chickens produced using a spectrophotometric in-ovo sexing technique. Consumers will be able to purchase the products from 1 May.
This is another step forward for animal welfare, and Carrefour is involving players across the sector in identifying and developing the best in-ovo sexing techniques in France. As soon as a concerted solution that can be industrialized has been identified, Carrefour will commit to...
Avian Flu Spreads to New Province in Poland, According to Poland’s Veterinary Services
The highly pathogenic avian flu virus (HPAI) that has been spreading in Eastern Europe since early 2020 has now reached a new province in Northern Poland, the country’s Chief Veterinary Officer said in a press release on January 27th.
“Outbreak No. 2020/15 was designated on a farm where 23,351 turkeys for fattening were kept, located in the town of Rąbity, in the commune of Zalewo, in the Iławski poviat, in the Warmian-Masurian province” according to the press release.
The HPAI of the H5N8 subtype was first diagnosed on December 30th, 2019 at a poultry farm in Poland in the Eastern Polish province of Lublin, which borders on both Belarus and Ukraine. About 15 cases have been reported in...
Moba-Pelbo Joins Forces with Innovo Solutions
Moba is proud to announce that Pelbo, one of its subsidiaries in Brugherio, Italy, has partnered up with Innovo Solutions, an Italian-based innovative company that develops, manufactures and installs pasteurization plants for food producers. Innovo's knowledge and experience will enable Moba-Pelbo to take egg processing to the next level.
Mr. Fabio Gualtieri, Pelbo's Sales Director, is very excited about what this new partnership will bring to Moba-Pelbo: "The new collaboration with Innovo will increase our expertise in handling big egg processing projects. Furthermore, we will expand...
Ovostar Announces Operation Results for 2019
Ovostar Union Public Company Limited, a vertically integrated holding company, one of the leading egg and egg products producer in Ukraine, announces its operational results for the year 2019.
As of 31 December 2019 the Company’s total flock was 8.1 mln heads, including 6.7 mln laying hens (31 December 2018: 7.6 mln and 6.4 mln. respectively).
The volume of eggs produced in 2019 totaled 1 587 mln (2018: 1 625 mln eggs). In the reporting period the sales volume in shell eggs segment fell by 17% to 1 147 mln eggs (2018: 1 381 mln). The volume of eggs exported was 525 mln that makes up 46% of the total sales in the segment (2018: 587 mln or 42%). The decrease of shell eggs sales is accounted for by...
Egg Market Prices Unchanged So Far on Current Flu Outbreak in Poland
The H5N8 flu outbreak has not had any impact on industry shell egg prices thus far, but participants are monitoring the situation very closely, according to various sources.
Industry shell egg market prices are still under some downward pressure despite the spread of a highly pathogenic bird flu (HPAI) in Poland. Poland, the western region in particular, has become an increasing important supplier of industrial cage eggs for egg processors in Western Europe.
The World Organisation for Animal Health (OIE), the Dutch Association of Egg Traders and Egg Product Manufacturers (ANEVEI) and the Polish poultry organization (KIDPIP) said that seven outbreaks of highly pathogenic bird flu (HPAI) of the H5N8 serotype had been....
ARYZTA Releases Q1 Financial Results
Q1 2020 Performance Overview
Group organic revenue declined by (2.5)% during the quarter. ARYZTA Europe organic revenue declined by (0.9)%, reflecting our focus on profitable revenue. ARYZTA North America organic revenue declined by (6.1)%, as previously indicated. ARYZTA Rest of World had another strong performance with organic revenue growth of 7.5%.
Group reported revenue declined by (2.1)% to €843.9m, reflecting the impact from disposals of (1.6)% and a positive currency impact of 2.0%.
Q1 2020 Performance Summary
ARYZTA AG Chief Executive Officer, Kevin Toland, commented...
Kerry Group Reports Financial Results for the Third Quarter
Kerry, the global taste & nutrition and consumer foods group, issues the following Interim Management Statement for the nine months ended 30 September 2019.
Q3 YTD Key Highlights
• 3.1% growth in business volumes— Taste & Nutrition +3.9%— Consumer Foods -0.7% (excluding contract exit +0.6%)• Pricing -0.1%• Reported revenue +10.0%• Group trading margin +20bps— Taste & Nutrition +20bps...
Associated British Foods Reports Annual Financial Results
Associated British Foods has announced financial results for fiscal year 2019.
Statutory operating profit down 5% to £1,282m mainly as a result of an exceptional charge of £79m included in this year’s income statement. This year includes a greater loss on closure of businesses, and so statutory profit before tax was down 8% to £1,173m and basic earnings per share were down 13% to 111.1p.
George Weston, Chief Executive of Associated British Foods, said...
Kemin EMEA Relocates Production of Its Food Safety Production Lines
Kemin Industries, a global ingredient manufacturer that strives to sustainably transform the quality of life every day for 80 percent of the world with its products and services, has centralized the Europe, Middle East and Africa (EMEA) supply chain for BactoCEASE NV, its clean-label, vinegar-based food safety solution, by establishing production in Europe. This expansion provides a more sustainable supply of the product with reduced delivery time, increased production speed and more flexibility for customers ordering Kemin ingredients in the EMEA region.
“This strategic investment is intended to help ensure continuity and security of our food safety product lines, resulting in a shorter supply chain and faster delivery time for...
Brexit: EU Agri-Food Chain Representatives Welcome the Deal and Call for a Swift Ratification
Strong Performance of EU Agri-Food Exports Continues in August 2019
The value of the EU’s agri-food exports in August 2019 reached €12.07 billion, marking a rise of 5.6% compared to August 2018. As the value of imports decreased by 0.2% to €9.14 billion, the agri-food trade surplus for August stood at €2.93 billion, a 29% increase in the positive trade balance compared to last year’s figures. These are some of the main findings of the monthly trade report for August 2019, published today by the European Commission.
Comparing the monthly export values of August 2019 with August 2018, the highest increases were recorded for China (up €283 million), the USA (a rise of €192 million), and Japan (an increase of €69 million). However, significant falls were recorded in...
Pork Exports Trend Lower in June but Remain on Record Pace; Another Tough Month for Beef Exports
Update: Current List of Plant Closures Due to COVID-19
Aramark Prepared to Welcome College Students Back to Campuses Across the Country
Beyond Meat Reports Second Quarter 2020 Financial Results
Under HEALS Act, Over Half of Restaurants Ineligible for PPP Loans
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