Russian meat producer Cherkizovo today (31 October) announced a sales jump for the first nine months of 2011.
Sales volumes in the poultry division rose 26% year-on-year to approximately 185,620 tonnes of sellable weight, bolstered by the the company’s acquisition of meat processor Mosselprom in May. Prices for poultry sales increased to US$2.52 per kg for the first nine months, up from $2.33 per kg for the same period last year.
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The pork division increased sales by 7% to approximately 65,800 tonnes, while prices rose 15% to $2.74 per kg.
The meat processing division increased sales by 5% to approximately 108,420 tonnes as prices also rose to $4.54 per kg, up from $3.82 in the first nine months of 2010.
CEO Sergey Mikhailov said the “strong” results were helped by the opening of two large poultry production facilities in Bryansk and Penza and a strong recovery from last year’s heatwave in Russia, which affected crops.
“In the meat processing segment we see a steady increase in demand for our meat products, while this year we are concentrating on improving the product mix in favour of value-added products,” he said.
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By GlobalData“Our results in the pork segment demonstrate that we have successfully overcome the consequences of last year’s weather conditions, and are now witnessing production growth.
“Overall, management expects that the group will produce a strong financial performance for the nine months and will further continue to deliver against its strategy.”
