bool(true)
Ru

Cherkizovo Q1 poultry, pork sales rise

28 april 2011
alt image
  • Expects meat prices to rise in the second half
  • To significantly raise output in 2011

MOSCOW, Aug 12 (Reuters) - Russian meat producer Cherkizovo reported higher first-quarter poultry and pork sales and forecast prices would pick up later in the year amid rising consumption and reduced imports.

First-quarter sales volume of poultry rose 15 percent, pork by 5 percent and processed meat by 8 percent.

Cherkizovo said on Thursday it sold products at higher prices in dollar terms but rouble poultry prices fell 5 percent on the previous quarter due to high imports at the end of last year, which boosted inventories.

"We anticipate the pricing environment for our products to recover towards the second half of the year," chief executive Sergei Mikhailov said.

This forecast was supported by expected growth in meat consumption, reduced imports and rising costs resulting from grain price increases, as well as by a shortage of supply driven by the reduction of stock, he said.

"We are making solid progress in our large-scale projects to increase poultry capacity, and this is already reflected in our sales volumes for the poultry division, and we are on track to provide significantly higher output from 2011."

First-quarter sales volume in the poultry division rose 15 percent to 53,570 tonnes of saleable weight, with pork up 5 percent to 20,220 tonnes.

"The pork division is delivering its volume growth in line with expectations, including operations at the acquired farms, while demand for our meat processing products has also remained strong," Mikhailov said.

The meat processing division's sales volumes rose 8 percent to 33,200 tonnes.

Back to the news list

Other news

image
Petelinka and Pava-Pava win Product of the Year awards
alt
24 november 2023

Petelinka and Pava-Pava win Product of the Year awards

Cherkizovo Group’s chicken and turkey products have once again been awarded the annual Product of the Year title, with flagship brands Petelinka and Pava-Pava winning two categories of the award.

Cherkizovo Group unveils its products at international exhibition in Ufa
alt
24 november 2023

Cherkizovo Group unveils its products at international exhibition in Ufa

Cherkizovo Group, Russia's largest meat producer, is taking part in Our Brand, an international food festival in Ufa. The Company showcased its products during a tasting session at its stand.

Pava-Pava introduces spiced turkey fillets
alt
15 november 2023

Pava-Pava introduces spiced turkey fillets

Cherkizovo Group, Russia's largest meat producer, continues to expand its turkey product line under Pava-Pava, one of its flagship brands. This fall, the Company has launched sales of spiced turkey filet, a perfect choice for holiday dinners.

Cherkizovo Group products win five Quality Guarantee medals
alt
10 november 2023

Cherkizovo Group products win five Quality Guarantee medals

Cherkizovo Group, Russia’s largest meat producer, has once again been praised for the high quality of its products, with the Petelinka, Cherkizovo, and Pava-Pava brands winning two gold and three silver medals at Quality Guarantee 2023.

We use cookies to make our website work better.

By staying on this website, you agree to our use of cookies.