RUSSIA, Moscow. The largest integrated meat processor in Russia, Cherkizovo, has reported increased sales in its poultry and meat processing division in the first half of 2014, but a decline in sales in its pork division.
Volume sales in the poultry division increased by 9% to 225,223 t, while value sales also grew 17% to 95.38 RUB/kg from 81.53 RUB/kg in the first half of the year.
Volume sales in the pork division declined 9% to 74,379 t, due mainly to the quarantine closure of two finishing facilities following an outbreak of African Swine Fever (ASF) in December 2014, the company said. Average pork prices increased 17% to 103.37 RUB/kg in the first half of 2015 from 88.72 RUB/kg in the first half of 2014.
Sales in the meat processing division increased by 28% to 81,755 on the back of increased sales of case-ready products and meat on the bone, all manufactured from meat sourced from the company’s farms.
Cherkizovo had begun a major $336 mill. pig farm project following the approval of a loan from Sberbank CIB. The 12-year loan will enable the company to develop pig farms housing 46,000 sows. The project will allow the company to boost pork capacity by 70%, leading to an overall meat capacity of more than one million t per year.