Cherkizovo to Benefit from Russian Meat Quota Cuts, Moody’s Says
Russian pork and poultry producers including OAO Cherkizovo and Miratorg will benefit from the government decision to cut meat quotas in 2012, according to Moody’s Investors Service.
«Curbing cheaper imported meat would help domestic producers’ revenue and profitability and allow them to continue financing their modernization without increasing their debt, «Moscow-based analyst Sergei Grishunin said in a report today.
In 2012 pork producers will be able to pass most of their cost increases to consumers, while poultry prices are forecast to remain under pressure through next year, Grishunin said. The Russian meat market has been in oversupply since the start of 2011 after higher imports in the fourth quarter of 2010, which led to lower prices, he wrote.
Other news
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
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
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
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.