Russia’s Cherkizovo Group Sees Chicken Volumes Decline
Cherkizovo Group, the largest vertically integrated meat producer in Russia, has said that chicken volumes went down during its second quarter, however, turkey volumes saw a rise.
The business said that it processed more than 130,000 tonnes of chicken in the period – a decline of 5% on the previous quarter and flat, compared to the same period last year.
The average sales price was up in the chicken division, however, due to the ‘chicken market being undersupplied with lower deliveries from some domestic producers, and the positive effect from our Petelinka- and Chicken Kingdom-branded products quickly gaining market share on key markets,' the company noted.
Turkey volumes were up (by 1%), due to a higher share of value-added products in the sales mix, which, in turn, led to the average price increasing by 16%, compared to the previous quarter.
This was, however, down 13% on the same quarter the previous year.
Finally, the group’s pork business saw production and sales volumes remain ‘on a par’ with the previous quarter, but up 8%, when compared to the same period last year.
This was due to increased production at newly built facilities, the company said.
‘Prices were up 21%, compared to the previous quarter, as the pork market finally cleared accumulated inventory of the Brazilian meat, banned for import at the end of 2017,’ Cherkizovo noted.
Cherkizovo Group’s production network encompasses eight full-cycle poultry production facilities, 16 modern pork production facilities, six meat-processing plants, and eight feed mills.
© 2018 European Supermarket Magazine – your source for the latest retail news. Article by Stephen Wynne-Jones. Click subscribe to sign up to ESM: European Supermarket Magazine.