Russian meat processor Cherkizovo said today (7 August) that its current trading is “in line with expectations” ahead of its interim results announcement in October.
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The London-listed said poultry prices had recovered strongly during the first half of the year. Volumes leapt 43% during the first six months of the year, the company added.
Cherkizovo said it does not expect pork prices to continue to fall over the second half of the year. During the first six months, pork prices dipped 5%.
The company insisted it is continuing to focus more on high-margin, value-added products and said prices from its meat processing unit rose 15% during the first half.
Volumes from the business dipped 6% as Cherkizovo the company moved away from low-value segment products.
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