Results Cherkizovo struggled with prices and export opportunities

by Editor fleischwirtschaft.com
Wednesday, July 15, 2020
In meat processing the sales volume increased by 1% y-o-y, as the company was pushing more sausages and carcass sales.
Photo: Cherkizovo
In meat processing the sales volume increased by 1% y-o-y, as the company was pushing more sausages and carcass sales.

Cherkizovo Group, the largest vertically integrated meat producer in Russia, announced this week operating results for June and the second quarter of 2020.

Chicken: Sales volume of 168.3 thousand t declined by 2% y-o-y. Sales volumes of the premium brand Petelinka was in line with the results of the previous year, while volumes of Chicken Kingdom branded produce added 3% y-o-y. The company also significantly added export volumes, as foodservice demand remained well below the levels of the last year due to Covid-19 restrictions. Average sales price increased by 6% y-o-y.

Turkey: JV Tambov Turkey sales volume of 9.6 thousand t up 8% y-o-y, with sales of Pava-Pava branded products adding 23% y-o-y and boosting average sales price by 10% y-o-y.

Pork: Production volumes of 76.4 thousand t increased by 14% y-o-y, and sales volume reached 74.3 thousand t, up 14% y-o-y compared to 2Q19. The company gradually reach targeted production levels on the back of facilities ramp up and operational efficiencies gains. Prices declined by 11% y-o-y as the domestic market remains oversupplied with limited export possibilities.

Meat Processing: Sales volume increased by 1% y-o-y, as the company was pushing more sausages and carcass sales, up 6% and 11% respectively. Average sales price of the segment declined by 4%: as carcass price eased by 11% y-o-y, in line with live pork prices, and prices for sausages and cuts remaining stable.

Truthahn
(Bild: Imago Images / blickwinkel)

more about this topic

Trade Cherkizovo starts turkey export to China

 

stats