Cherkizovo reports increased poultry sales

Cherkizovo Group, Russia’s leading integrated meat and fodder producer, has announced increased poultry sales in its operational results for the first quarter of 2014.

Sales volume in the Poultry division for the first quarter of 2014 increased by 13% to 90,506 tonnes of sellable weight (1Q 2013: 80,370 tonnes) including 1,651 tonnes of sellable weight produced by LISCO Broiler since acquiring the company in March.

The average price in ruble terms increased by 1% to 77.90 RUR/kg from 76.92 RUR/kg in the first quarter of 2013. Compared to the price in the fourth quarter of 2013 of 78.05 RUR/kg, the price in the first quarter of 2014 was almost flat.

The average price for the poultry in dollar terms decreased by 12% to $2.23/kg in the first quarter of 2014 from $2.53/kg in the first quarter of 2013. Compared to the price in the fourth quarter of 2013 of $2.40/kg, the price in the first quarter of 2014 decreased by 7% due mostly to the weakening of the ruble against the US dollar.

Sales volume in the Meat Processing division was almost flat at 29,670 tonnes in the first quarter 2014 (1Q 2013: 29,442 tonnes).