Cherkizovo reports increased pork sales
Cherkizovo Group, a Russian integrated meat and fodder producer, has announced increased pork sales in its operational results for the first quarter of 2014.
Sales volume in the Pork division in the first quarter of 2014 increased by 17% to 40,352 tonnes of live weight, compared to 34,429 tonnes in the first quarter of 2013.
The average price in ruble terms increased by 28% to 73.55 RUR/kg in the first quarter of 2014 from 57.36 RUR/kg in the first quarter of 2013. Compared to the price in the fourth quarter of 2013 of 71.32 RUR/kg, the price in the first quarter of 2014 increased by 3%.
The average price in dollar terms increased by 12% to $2.10/kg in the first quarter of 2014 from $1.89/kg in the first quarter of 2013. Compared to the price in the fourth quarter of 2013 of $2.19/kg, the price in the first quarter of 2014 decreased by 4%.
Sales volume in the Meat Processing division was almost flat at 29,670 tonnes in the first quarter 2014 (1Q 2013: 29 442 tonnes).
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