Cherkizovo Group, one of Russia’s leading meat producers, has issued a pre-close trading update showing rising sales volumes for 2007.
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Results will be announced in April but Cherkizovo said poultry sales volumes had grown 28%, while pork volumes had more than doubled to 28,000 tonnes.
Throughout 2007, poultry sales remained positive with prices for Cherkizovo sales increasing by 18% from US$2.15kg per kg in 2006 to US$2.52 in 2007.
Pork prices rose 7% in 2007 from US$2.14 per kg in 2006 to US$2.30 per kg in 2007.
Average prices in the meat processing division increased by 15% due to a higher margin and value-added products, resulting in increased sales volumes, Cherkizovo said.
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By GlobalDataPrices increased from US$2.97 per kg in 2006 to US$3.42 per kg in 2007. Year-on-year sales volumes in the meat processing division slightly decreased by 4% due to a fall in sales of low-margin products.
