World meat industry news

Cherkizovo Group, Russia’s largest vertically-integrated meat supplier, has reported a 28% increase in pork volume sales in February, compared to the same period last year.

Pork sales were also up 18% on a month-on-month basis, compared to January 2019. Chicken sales at the business were up 6% in February year-on-year (down 9% month-on-month). Turkey sales were down 10% on a year-on-year basis, however marginally rose (+2%) compared to the previous month.

The company has seen significant fluctuations in price over the past year: turkey prices are some 50% higher than the same period the previous year, while chicken prices rose by 30% and pork prices were 8% higher.