bool(true)
Ru

Pork prices will stabilise at the end of the year - Cherkizovo Group CFO

29 november 2012
alt image

Pork prices were much lower in the second and third quarter of this year but will  stabilise in December and early next year at 70 roubles per kilogram of  live weight, said Cherkizovo  Chief Financial Officer  Ludmila Mikhailova in a conference call. 

 According to Mikailova, the drop in the price of pork was caused by two factors: : first, the drop itself was seasonal as consumers  actively switched to poultry. The second reason was that distribution of live pigs was affected by African swine fever (ASF)."At this point, they will improve. They will not return to the level of the beginning of the year at more than 80 roubles per kilogram, but now they are stabilising, possibly at the level of 70 roubles,"  Mikhailova said. 

 In November, according to the National Meat Association (NMA), in connection with the entrance into the World Trade Organization, the Russian Federation  has annulled the duty on the import of pork and   has decreased the duty on the import of live pigs from 40% to 5%. This iswhy, in September, the price of pigs fell from an average of 90-95 roubles per kilogram for live weight to 70-75 roubles per kilogram. Prices of Pork have decreased from 140 to 115-120 roubles per kilogram. 

 Mikhailova added that the company expects the EBITDA for the year to be more than 10 billion roubles. 

 OJSC Cherkizovo Group is an agro-industrial company with full cycle of production from feed to finished meat products. The structure of the Group consists of 7 poultry production facilities, 14 modern pork production facilities, six meat processing plants and 6 feed mills, grain storage facilities, and a land bank exceeding 100,000 hectares. The portfolio of Cherkizovo brands  includes, in particular, Petelinka, Chicken Kingdom, Cherkizovsky and Empire of taste.  

Back to the news list

Other news

image
Kurinoe Tsarstvo Bryansk steps up production by 17% in 2023
alt
28 february 2024

Kurinoe Tsarstvo Bryansk steps up production by 17% in 2023

Kurinoe Tsarstvo Bryansk, a part of Cherkizovo Group, manufactured 102,000 tonnes of broiler meat products in 2023, a 17% increase year-on-year. The growth comes from the reconstruction of production facilities.
Cherkizovo Group discusses halal export development at Gulfood
alt
26 february 2024

Cherkizovo Group discusses halal export development at Gulfood

Dubai, U.A.E. — February 26 — Cherkizovo Group, Russia’s largest meat producer, has unveiled an updated range of its halal products for overseas markets at the Gulfood 2024 International Exhibition. As part of the business program, the Company held meetings with existing and potential trade partners from the Middle East, one of Cherkizovo’s key export destinations.
Cherkizovo notches 21 gold medals at Prodexpo 2024
alt
16 february 2024

Cherkizovo notches 21 gold medals at Prodexpo 2024

Cherkizovo Group, Russia’s largest meat producer, took part in the Prodexpo 2024 international exhibition where its Petelinka, Cherkizovo, Cherkizovo Premium and Latifa brands won 21 gold medals.
Cherkizovo Group to establish an industry department at Skryabin Moscow State Academy of Veterinary Medicine and Biotechnology
alt
12 february 2024

Cherkizovo Group to establish an industry department at Skryabin Moscow State Academy of Veterinary Medicine and Biotechnology

Cherkizovo Group, Russia’s largest meat producer, has agreed to establish an industry department at Skryabin Moscow State Academy of Veterinary Medicine and Biotechnology.

We use cookies to make our website work better.

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