Russian integrated meat and fodder producer, Cherkizovo has seen sales in its pork, poultry and grain divisions rise in the first quarter of the year, while meat division sales were flat.
Poultry Division
Sales volume in the Poultry division for the first quarter of 2014 increased by 13 per cent to 90,506 tonnes of sellable weight compared to 80,370 tonnes in the first quarter of 2013 including 1,651 tonnes of sellable weight produced by LISCO Broiler since the day of the acquisition of by Cherkizovo on 24 March 24.
The average price in ruble terms increased by one per cent to 77.90 RUR/kg from 76.92 RUR/kg in the first quarter of 2013.
Compared to the price in the fourth quarter of 2013 of 78.05 RUR/kg, the price in the first quarter of 2014 was almost flat.
The average price for the poultry in dollar terms decreased by 12 per cent to $2.23/kg in the first quarter of 2014 from $2.53/kg in the first quarter of 2013.
Compared to the price in the fourth quarter of 2013 of $2.40/kg, the price in the first quarter of 2014 decreased by seven per cent due mostly to the weakening of the ruble against the US dollar.
Pork Division
Sales volume in the Pork division in the first quarter of 2014 increased by 17 per cent 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 per cent 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 per cent.
The average price in dollar terms increased by 12 per cent 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 four per cent.
Meat Processing Division
Sales volume in the Meat Processing division was almost flat at 29 670 tonnes in the first quarter 2014 (1Q 2013: 29 442 tonnes).
The average price in ruble terms increased by 4 per cent to 152.52 RUR/kg in the first quarter of 2014 from 147.16 RUR/kg in the first quarter of 2013.
Compared to the price in the fourth quarter of 2013 of 156.32 RUR/kg, the price in the first quarter of 2014 decreased by two per cent.
The average price in dollar terms decreased by 10 per cent to $4.36/kg in the first quarter of 2014 from $4.84/kg in the first quarter of 2013. Compared to the price in the fourth quarter of 2013 of $4.80/kg, the price in the first quarter of 2014 decreased by nine per cent due mostly to the weakening of the ruble against the US dollar.
Grain Division
Sales volume in the Grain division increased by 138 per cent to 20 642 tonnes from 8,668 tonnes for the first quarter of 2013.
The average price decreased by 30 per cent to 5.91 RUR/kg in the first quarter of 2014 from 8.46 RUR/kg in the first quarter of 2013.
Compared to the price in the fourth quarter of 2013 of 6.37 RUR/kg, the price in the first quarter of 2014 decreased by seven per cent.
The average price in dollar terms decreased by 39 per cent to $0.17/kg in the first quarter of 2014 from $0.28/kg in the first quarter of 2013. Compared to the price in the fourth quarter of 2013 of 0.20 $/kg, the price in the first quarter decreased by 14 per cent.
