converting website visitors

ThePoultrySite.com - news, features, articles and disease information for the poultry industry

Poultry News

All-Round Improved Sales for Cherkizovo Group in 2014

30 January 2015

RUSSIA - Cherkizovo Group, Russia’s largest meat and feed producer, has announced its operational results for the fourth quarter of 2014 and full year 2014.

Poultry Division

Sales volume in the Poultry division in 2014 increased by 22 per cent year-on-year to 416 622 tonnes of sellable weight (FY13: 342 637 tonnes) including 58 417 tonnes of sellable weight produced by LISCO Broiler since the day of the acquisition of this company by Cherkizovo (March 25, 2014).

Prices in ruble terms increased by 18 per cent y-o-y from 77.12 RUB/kg (all prices hereinafter are net of VAT) in 2013 to 90.70 RUB/kg in 2014. Compared to the price of 98.43 RUB/kg in the third quarter of 2014, the price in the fourth quarter of 2014 increased by two per cent to 100.86 RUB/kg.

Prices for poultry in dollar terms decreased by two per cent year-on-year from $2.42/kg in 2013 to $2.36/kg in 2014. Compared to the price of $ 2.72/kg in the third quarter of 2014, the price in the fourth quarter of 2014 decreased by 22 per cent to $ 2.13/kg. Dollar-denominated price has significantly decreased due to ruble devaluation in the fourth quarter.

Pork Division

Sales volume in the Pork division increased by eight per cent year-on-year to 170 172 tonnes of live weight in 2014, compared to 157 565 tonnes in 2013.

Prices in ruble terms increased by 47 per cent year-on-year from 65.68 RUB/kg in 2013 to 96.25 RUB/kg in 2014. Compared to the price of 111.52 RUB/kg in the third quarter of 2014, the price in the fourth quarter of 2014 decreased by 13 per cent to 96.90 RUB/kg.

In dollar terms, price for pork increased by 22 per cent year-on-year from $2.06/kg in 2013 to $2.51/kg in 2014 (live weight). Compared to the price of $3.08/kg in the third quarter of 2014, the price in the fourth quarter of 2014 decreased by 34 per cent to $2.04/kg. Dollar-denominated price has significantly decreased due to ruble devaluation in the fourth quarter.

Meat Processing Division

Sales volume in the Meat Processing division increased by seven per cent year-on-year to 144 189 tonnes in 2014 from 134 530 tonnes in 2013.

Price in ruble terms increased by 12 per cent y-o-y to 167.29 in 2014 from 148.78 RUB/kg in 2013. Compared to the price of 170.64 RUB/kg in the third quarter of 2014, the price in the fourth quarter of 2014 increased by two per cent to 174.15 RUB/kg.

Prices in dollar terms decreased by seven per cent year-on-year to $4.35/kg in 2014 compared from $4.67/kg in 2013. Compared to the price of $4.72/kg in the third quarter in 2014, the price in the fourth quarter of 2014 decreased by 22 per cent to $3.67/kg. Dollar-denominated price has significantly decreased due to ruble devaluation in the fourth quarter.

Grain Division

In 2014 Cherkizovo harvested more than 242,000 tonnes of grain (gross harvest), or nearly 40 per cent more than the result in 2013, which was about 175,000 tonnes (gross harvest). The standard weight of the grain harvest was 229,000 tonnes. About 60,000 ha were worked in Voronezh, Lipetsk, and Orel Regions during the agricultural campaign.

Sales volume in the Grain division increased by 70 per cent year-on-year to 237 106 tonnes in 2014 from 139 565 tonnes in 2013. Wheat, barley and corn accounted for 81 per cent of sales in 2014.

Prices in ruble terms increased by 20 per cent year-on-year from 6.01 RUB/kg in 2013 to 7.21 RUB/kg in 2014. Compared to the price of 5.95 RUB/kg in the third quarter of 2014, the price in the fourth quarter of 2014 increased by 35 per cent to 8.04 RUB/kg.

Prices in dollar terms year-on-year was flat. Compared to the price of $0.16/kg in the third quarter of 2014, the price in the fourth quarter of 2014 increased by six per cent to $0.17/kg.

ThePoultrySite News Desk

ThePoultrySite Digital




Related News

More Bird Flu Found in Ghana

News from Ghana  26 September 2016

Our Sponsors

Partners


Seasonal Picks

Poultry Breeds and Management