Cherkizovo Group, Russia’s leading integrated meat and fodder producer saw a 13 percent increase in sales volume for its Poultry Division during Cherkizovo’s first quarter of the 2014 fiscal year. The Cherkizovo Poultry Division reported 90,506 metric tons of sellable weight for the first quarter of 2014, compared to the 80,370 metric tons sold during the first quarter of fiscal year 2013.
The increase in sales volume includes the 1,651 metric tons of sellable weight produced by Lisko Broiler after it was acquired by Cherkizovo on March 24, near the end of the first quarter.
The average price for poultry for the first quarter increased 1 percent to RUB77.90 (US$2.23) per kilogram, up from RUB76.92 (US$2.53) per kilogram recorded during the first quarter of 2013. Taking into account the weakening of the ruble against the U.S. dollar, the average price for poultry in dollar terms decreased by 12 percent.