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Cherkizovo Reports Higher Sales Volume

04 November 2013

RUSSIA - Russian integrated meat and fodder manufacturer, Cherkizovo Group, has seen increases in sales across all divisions during January to September 2013.

Poultry Division

Sales volume in the Poultry division for the nine months of 2013 increased by seven per cent year on year to 251,429 tonnes of sellable weight compared to 236,080 tonnes for the nine months of 2012.

Prices in ruble terms increased by one per cent year on year from 76.43 RUR/kg* for the nine months of 2012 to 76.78 RUR/kg for the nine months of 2013.

Compared to the price of 76.34 RUR/kg in the second quarter of 2013, the price in the third quarter of 2013 increased by 1 per cent to 77.09 RUR/kg.

Prices for poultry in dollar terms decreased by one per cent year on year from $2.46/kg for the nine months of 2012 to $2.43/kg for the nine months of 2013.

Compared to the price of $ 2.41/kg in the second quarter of 2013, the price in the third quarter of 2013 decreased by 3 per cent to $ 2.35/kg.

Pork Division

Sales volume in the Pork division for the nine months of 2013 increased by 59 per cent year on year to 111,689 tonnes of live weight, compared to 70,131 tonnes for the nine months of 2012.

Prices in ruble terms fell by 23 per cent year on year from 81.85 RUR/kg for the nine months of 2012 to 63.36 RUR/kg for the nine months of 2013.

Compared to the price of 61.06 RUR/kg in the second quarter of 2013, the price in the third quarter of 2013 increased by 15 per cent to 70.31 RUR/kg.

In dollar terms, price for pork decreased by 24 per cent year on year from $2.63/kg for the nine months of 2012 to $2.00/kg for the nine months of 2013 (live weight).

Compared to the price of $1.93/kg in the second quarter of 2013, the price in the third quarter of 2013 increased by 11 per cent to $2.14/kg.

Meat Processing Division

Sales volume in the Meat Processing division increased by six per cent year on year to 99,431 tonnes for the nine months of 2013 from 94,049 tonnes for the nine months of 2012.

Price in ruble terms was almost flat year on year: 146.49 RUR/kg for the nine months of 2012 compared to 146.10 RUR/kg for the nine months of 2013.

Compared to the price of 145.10 RUR/kg in the second quarter of 2013, the price in the third quarter of 2013 increased by 1 per cent to 146.18 RUR/kg.

Prices in dollar terms decreased by 2 per cent y-o-y to $4.62/kg for the nine months of 2013 compared to $4.71/kg for the nine months of 2012. Compared to the price of $4.59/kg in the second quarter of 2013, the price in the third quarter of 2013 decreased by three per cent to $4.46/kg.

Grain Division

In October, Cherkizovo had almost completed harvesting in the Voronezh and Orel regions.

As of 28 October, the Company harvested approximately 160,000 tonnes of grain, which is 40 per cent higher that FY 2012 harvest (115,000 tonnes).

In this agricultural season the Company sowed approximately 13,000 hectares of winter crops and plans to sow about 27,000 hectares under spring crops in spring 2014.

Sales volume in the Grain division increased by 11 per cent year on year to 71,017 tonnes for the nine months of 2013 from 64,057 tonnes for the nine months of 2012.

Wheat and barley accounted for 88 per cent of sales for the nine months of 2013.

Prices in ruble terms decreased by 29 per cent year on year from 7.96 RUR/kg for the nine months of 2012 to 5.66 RUR/kg for the nine months of 2013.

Compared to the price of 8.59 RUR/kg in the second quarter of 2013, the price in the third quarter of 2013 decreased by 41 per cent to 5.08 RUR/kg.

Prices in dollar terms decreased by 30 per cent year on year from $0.26/kg for the nine months of 2012 to $0.18/kg for the nine months of 2013.

Compared to the price of $0.27/kg in the second quarter of 2013, the price in the third quarter of 2013 decreased by 43 per cent to $0.15/kg.

ThePigSite News Desk



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