July 25, 2013

Cherkizovo's meat operation volumes rise in H1 2013

Russia's Cherkizovo reported on Wednesday (Jul 24) that its meat operation volumes increased during the first half of 2013.

Poultry volumes increased 4% in the six months to June, Cherkizovo said. Prices were up on-year when measured in roubles and US dollars.

Volumes from Cherkizovo's pork business climbed 50%, although prices were lower. It said pork prices fell 27% in roubles and 28% in dollars.

Cherkizovo's smallest meat operation by volume, meat processing, saw volumes climb 2%. Prices increased in roubles and dollars.

The company also reported figures for its grain business, which saw volumes fall 43% on-year. However, prices grew faster; up by 52% in roubles and by 50% in dollars.