Cherkizovo Group, Russia’s largest meat and poultry producer, reported an increase in sales volume for both its chicken and turkey segments for the second quarter of the 2021 fiscal year.
The company announced the quarterly results on July 12.
Cherkizovo’s chicken sales volume
Cherkizovo’s sales volume for chicken reached 190,500 metric tons, which was a 13% increase on a year-over-year basis. Sales growth to the foodservice sector as it recovered from reduced business as a result of COVID-19-related lockdowns during 2020. Also helping the company’s chicken sales was a strong demand from export clients.
The average sales price for Cherkizovo chicken increased by 25% when compared to the prices for the second quarter of the 2020 fiscal year.
Cherkizovo ranks as the largest broiler producer in Russia and the seventh largest poultry producer in Europe, according to the Poultry International Top Companies survey, slaughtering 318.8 million broilers annually. Its leading chicken brands are Petelinka and Chicken Kingdom.
Tambov Turkey sales
Tambov Turkey, which is a joint venture between Cherkizovo Group and Spanish company Grupo Fuertes, saw its sales volume reach 12,800 metric tons, which was a year-over-year improvement of 33%. Sales of Pava-Pava branded products were up 10%.
The average sales price was boosted by 5% when compared to the same quarter of the 2020 fiscal year.
Ready-to-eat meats
Cherkizovo Group, with headquarters in Moscow, also reported a 27% year-over-year improvement in sales volume for its ready-to-eat (RTE) meats division, reaching 34,100 metric tons for the quarter. That increase was driven by the consolidation of recently acquired assets in the northwestern region of Russia.
The average sales price of the segment increased 12% when compared to the second quarter of 2020.
On April 30, Cherkizovo completed the acquisition of Pit-Product from Finnish meat and poultry company Atria Group. Pit-Product has two production facilities in the St. Petersburg region.
