Russian meat processor Cherkizovo has provided a mixed update on its first-half sales volumes.
The London-listed firm said today (2 August) volumes from its poultry division, the company’s largest business, rose 34% in the first half of 2012. Pork volumes were up 14%.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
However, volumes from Cherkizovo’s meat processing division fell 11%. The company blamed an “inefficient” facility in southern Russia.
Nevertheless, Cherkizovo said prices had increased across all its businesses.
