Russian meat group Cherkizovo has invested US$137m in agricultural assets as the company looks to strengthen its vertically integrated production model.

The company has purchased 30,000 hectares of farmland in the Voronezh region and storage for 200,000 tonnes of grain as well as grain elevators and pig breeding facilities, Cherkizovo announced today (13 June).

We have acquired a fertile land bank in the black earth region enabling Cherkizovo to secure its own grain supply,” CEO Sergey Mikhailov said.

The purchase of the elevators would give the group “greater flexibility in its purchasing strategy and enable Cherkizovo to hedge against unfavourable conditions in the grain market,” he added.

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now