Russian meat processor Cherkizovo said it performed "strongly" across all segments of the business in the first half as demand for domestic meat increased.
In a trading update today (11 August), Cherkizovo said total sales volumes in its poultry division increased 8% to around 99,860 tonnes. Prices increased by 5% in dollar terms to US$2.30 per kg.
In the firm's pork division, first-half sales volumes rose 75% to around 37,160 tonnes, while prices climbed 5% to $2.40 per kg.
The company said it witnessed recovery in demand for its meat division’s products. Sales volumes in the segment increased 8% to 66,200 tonnes and prices reached $3.81 per kg, a 13% increase on the prior year.
Sergey Mikhailov, CEO of Cherkizovo, said: "In the first half of 2010 Cherkizovo performed strongly across all segments, reflecting the increased demand for our products, primarily driven by the decrease in imports and subsequent demand for high quality domestic meat.
"To date, the adverse weather conditions and fires in Central Russia, have not affected any of Cherkizovo’s poultry or pork farms. Accordingly, we expect to achieve targeted levels of production for 2010," he added.
Petelinka, one of Cherkizovo Group’s flagship brands and the best-selling chicken product, has entered into partnership with the iconic GUM Ice Rink, which opens annually on Red Square. This year, visitors will have an opportunity to take a break in the cozy Petelinka cottage and take photos next to a Christmas tree standing on chicken legs.
Cherkizovo Group employees have held a volunteer event supported by the Ray Foundation for Helping Homeless Animals. They brought food, medicines and other useful supplies to two Moscow shelters and helped with dog walking.
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, 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.