Cherkizovo saw a significant rise in business in 2017
Meanwhile, Cherkizovo's poultry segment reported the smallest gain in 2017 compared to the previous year, of only 4%.
In 2017 the average selling price declined by 4% year-over-year to 88.84 RUB/kg mostly due to the higher base effect of 2016 and low summer season. In the fourth quarter average selling price declined by 3% quarter-on-quarter to 85.20 RUB/kg.
The company's turkey unit in Tambov reached a full capacity of 45,000 tons per year in October 2017 with sales of 10,009 tons in the fourth quarter of 2017. The average sales price for turkey products amounted to 145.24 RUB/kg in 2017 and 129.03 RUB/kg in the last three months of 2017 respectively.
The pork division reported an increase in production volumes of 15% y-o-y in 2017 reaching 211,750 tons. In the meantime, pork production volumes were up 25% in the last quarter of 2017 compared to the previous one reaching 63,028 tonnes (vs. 50,353 tonnes in 3Q17).
The company explained that positive dynamics in the pork division both on the y-o-y and q-o-q basis is attributed to the launch of new wean-to-finish facilities that the Group completed and populated over the course of the last two years, and constant enhancement in our production metrics driven by our long-term genetics improvement and animal health programs launched in prior years.
Furthermore, the meat processing division increased also by 9% in terms of sales volumes in 2017 compared to the previous year to 236,638 tonnes from 218,085 tonnes in 2016, in 4Q17 volumes increased by 15% q-o-q to 69,293 tonnes. According to the company, the main drivers of growth are Group’s increase of the market share in modern retail chains and further growth of our branded offering of sausages and pork meat products.
In 2017 the average selling price remained flat compared to previous year and amounted to 147.65 RUB/kg. The average price was supported by our efforts in increasing value-added products in the sales mix. In the 4Q17 average selling price declined by 6% q-o-q to 141.51RUB/kg.
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