Ukraine-based egg and egg product producer Avangardco Investments Public Limited's volume increased by 51%, to 2.875 billion eggs in the first half of 2011, compared to 1.91 billion billion eggs in the first half of 2010.
The increase, according to the company, is largely connected to an increase in poultry stock in the first half of 2011. As of June 30, the company's total flock was 24.4 million head, compared to 18.6 million head in the first half of 2010.
During the first six months of 2011 Avangard processed 534 million eggs, compared to 287 million eggs during the same time in 2010. The average sale price of dried egg product during the reporting period was US$6.91 per kilogram. Most exports of the product were focused on Asia, the Middle East and North Africa.
For the remainder of 2011, Avangard is focusing on expanding production capacity and exports. The company is currently in the process of gaining permission to export product to both the EU and Russia.