TheMeatSite.com - TheMeatSite.com - news, features and articles for the meat processing industry

News

Cherkizovo Sales Rise

04 February 2014

RUSSIA - Cherkizovo Group (LSE:CHE), Russian integrated meat and fodder manufacturer has seen sales rise across the board for the fourth quarter of the financial year.

Poultry Division

Sales volume in the Poultry division in 2013 increased by seven per cent year-on-year to 342,637 tonnes of sellable weight compared to 319,210 tonnes in 2012.

Prices in rouble terms decreased by two per cent year-on-year from 78.62 RUR/kg* in 2012 to 77.12 RUR/kg in 2013.

Compared to the price of 77.09 RUR/kg in the third quarter of 2013, the price in the fourth quarter of 2013 increased by one per cent to 78.05 RUR/kg.

Prices in dollar terms decreased by 4 per cent year-on-year from $2.53/kg in 2012 to $2.42/kg in 2013.

Compared to the price of $2.35/kg in the third quarter of 2013, the price in the fourth quarter of 2013 increased by 2 per cent to $ 2.40/kg.

Pork Division
Sales volume in the Pork division in 2013 increased by 52 per cent year-on-year to 157 565 tonnes of live weight, compared to 103 877 tonnes in 2012.

Prices in rouble terms decreased by 14 per cent year-on-year from 76.52 RUR/kg in 2012 to 65.68 RUR/kg in 2013.

Compared to the price of 70.31 RUR/kg in the third quarter of 2013, the price in the fourth quarter of 2013 increased by 1 per cent to 71.32 RUR/kg.

Prices in dollar terms decreased by 16 per cent year-on-year from $2.46/kg in 2012 to $2.06/kg in 2013 (live weight). Compared to the price of $2.14/kg in the third quarter of 2013, the price in the fourth quarter of 2013 increased by 2 per cent to $2.19/kg.

Meat Processing Division

Sales volume in the Meat Processing division increased by 6 per cent year-on-year to 134 530 tonnes in 2013 from 127 403 tonnes in 2012.

Prices in rouble terms were almost flat at 148.39 RUR/kg in 2012 vs. 148.78 RUR/kg in 2013.

Compared to the price of 146.18 RUR/kg in the third quarter of 2013, the price in the fourth quarter of 2013 increased by 7 per cent to 156.32 RUR/kg.

Prices in dollar terms decreased by two per cent year-on-year to $4.67/kg in 2013 compared to $4.77/kg in 2012.

Compared to the price of $4.46/kg in the third quarter of 2013, the price in the fourth quarter of 2013 increased by 8 per cent to $4.80/kg.

Grain Division

In 2013 Cherkizovo harvested more than 175,000 tonnes of grain (bunker weight), which is 51 per cent higher than in 2012, at about 116 000 tonnes.

Harvest in net weight was at about 163 000 tonnes in 2013, which is 48 per cent higher than 110,000 tonnes in 2012. In the 2013 agricultural season, the Company sowed approximately 40,000 hectares in the Orel and Voronezh regions.

Sales volume in the Grain division increased by 24 per cent year-on-year to 139,565 tonnes in 2013 from 112,414 tonnes in 2012.

Wheat, barley and corn accounted for 80 per cent of sales (in tonnes) in 2013.

Prices in rouble terms decreased by 27 per cent year-on-year from 8.28 RUR/kg in 2012 to 6.01 RUR/kg in 2013.

Compared to the price of 5.08 RUR/kg in the third quarter of 2013, the price in the fourth quarter of 2013 increased by 25 per cent to 6.37 RUR/kg.

Prices in dollar terms decreased by 29 per cent year-on-year from $0.27/kg in 2012 to $0.19/kg in 2013. Compared to the price of $0.15/kg in the third quarter of 2013, the price in the fourth quarter of 2013 increased by 26 per cent to $0.20/kg.

 

TheMeatSite News Desk



Our Sponsors

Partners


Seasonal Picks

Meat Cuts and Muscle Foods - 2nd Edition