Cherkizovo’s poultry sales on the increase
Cherkizovo, Russia’s leading integrated and diversified meat producer, has issued a trading update for the first nine months of 2012 reporting strong poultry sales.
Sales volumes in the Poultry division for the first nine months of 2012 increased by a robust 27% to approximately 236,080 tonnes of sellable weight compared to 185,620 tonnes for the first nine months of 2011, reflecting organic volumes added in the Penza and Bryansk clusters and sales by Mosselprom, which was acquired in May 2011 and now is fully integrated.
Prices in rouble terms increased by 6% from 72.40 RUR/kg for the first nine months of 2011 to 76.43 RUR/kg in the first nine months of 2012 (excluding VAT). Compared to the second quarter of 2012, the price in the third quarter increased 10% to 82.19 RUR/kg.
Prices for poultry sales in dollar terms decreased by 2% from $2.52/kg for the first nine months of 2011 to $2.46/kg for the first nine months of 2012 (excluding VAT)*, due to rouble weakening. Compared to the second quarter of 2012, the price in the third quarter increased by 7% to $2.57/kg.
Sales volumes in the Meat Processing Division decreased by 13% to approximately 94,049 tonnes for the first nine months of 2012 from 108,420 tonnes for the first nine months of 2011, due to the closure of an inefficient slaughtering facility in southern Russia and a change in the product mix towards higher margin processed products.
