Cherkizovo reports increased pork sales
Russia’s largest meat and feed producer, Cherkizovo Group, has reported an 8% increase in pork sales in its operational results for the fourth quarter of 2014 and full year 2014.
Sales volume in the pork division increased by 8% y-o-y to 170,172 tonnes of live weight in 2014, compared to 157,565 tonnes in 2013.
Prices in ruble terms increased by 47% y-o-y 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% to 96.90 RUB/kg.
In dollar terms, price for pork increased by 22% y-o-y 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% to $2.04/kg. Dollar-denominated price has significantly decreased due to ruble devaluation in the fourth quarter.
Sales volume in the meat processing division also increased by 7% y-o-y to 144,189 tonnes in 2014 from 134,530 tonnes in 2013.
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