You searched for "turkey" (8 results found)

Chicken prices are 8% higher than last year

  • 18 Jul 10:00

Chicken prices are 8% higher than last year In the second quarter of 2019, the average selling price for turkeymeat has increased by 22% compared to the same period last year, according to a report on the operating results of the Cherkizovo group. In June, the average price decreased by 2.6% compared to May to 160.26 rubles / kg, but this is 17% higher than in June 2018. In January 2019, the average price of turkey meat exceeded 180 rubles / kg. According to the company, the price increase occurred "due to the expansion of the offer of products under the Pava-Pava brand and high demand for turkey products." The production of Tambov Turkey (a joint project with the Spanish Grupo Fuertes) decreased compared. Read more...

Cherkizovo Group Announces Financial Results for the fourth quarter and full year 2018

  • 15 Feb 09:21

Cherkizovo Group Announces Financial Results for the fourth quarter and full year 2018 PJSC Cherkizovo Group (MOEX: GCHE), the largest vertically integrated meat producer in Russia, today announces its audited consolidated IFRS results for the fourth quarter and full year ending December 31, 2018 Fourth quarter financial highlights Revenue increased by 31.0% year-on-year (y-o-y) to RUB 31.9 billion. Net change in fair value of biological assets amounted to negative RUB 2.0 billion, compared to RUB 0.9 billion in 4Q17. Revaluation of harvested crops in stock changed to negative RUB 0.4 billion from negative RUB 1.3 billion in 4Q17. Gross profit of RUB 7.7 billion up by 33.5% compared to 4Q17. Adjusted EBITDA* up by 179.0% y-o-y to RUB. Read more...

Cherkizovo Group announces operating results for December, the fourth quarter and full 2019

  • 16 Jan 09:07

Cherkizovo Group announces operating results for December, the fourth quarter and full 2019 Cherkizovo Group (MOEX: GCHE), the largest vertically integrated meat producer in Russia, today announces operating results for December, the fourth quarter and full 2018. Fourth quarter 2018 highlights: Chicken: Sales volume growth in 4Q18 was supported by the consolidation of Altai Broiler results, which added 5 thousand tonnes in December. Average sales price increased by 32% y-o-y and 13% q-o-q on the back of better sales mix with more products under Petelinka and Chicken Kingdom brand, as well as the further shift to the deboned and high value-added products, as well as supply cuts by other chicken producers. Turkey: JV Tambov Turkey sales volume of. Read more...

"Eurodon" will receive 180.5 million rubles compensation

  • 21 Dec 10:27

"Eurodon" will receive 180.5 million rubles compensation The governor of the Rostov region Vasily Golubev signed a decree on the allocation of over 180.5 million rubles from the regional reserve fund as compensation of damage to company "Eurodon". The poultry producer suffered of the alienation of the turkey population because of avian influenza. An outbreak of the disease was registered at Eurodon poultry houses this summer, reports the press service of the governor. By decision of the regional government a 21-day quarantine at the poultry growing sites was announced. The company was forced to eliminate more than 200 thousand birds. Earlier it became known that Bank VEB wants to reanimate the production of turkey. Read more...

Cherkizovo Group announces operating results for the September and the third quarter of 2018

  • 11 Oct 09:16

Cherkizovo Group announces operating results for the September and the third quarter of 2018 Moscow, Russia – October 10, 2018– Cherkizovo Group (MOEX: GCHE), the largest vertically integrated meat producer in Russia, today announces operating results for the September and the third quarter of 2018. Third quarter 2018 highlights: Chicken: Sales volume of 131.3 thousand tonnes remained on par with 3Q17 and the previous quarter and was positively affected by 7 thousand tonnes destocking in August. Average sales price increase of 12% y-o-y and 6% q-o-q was driven by Petelinka and Chicken Kingdom branded products, as we move up the value chain towards a higher share of branded value-added products, with a larger proportion of deboned,. Read more...

Cherkizovo Group announces operating results for the June and second quarter of 2018

  • 10 Jul 10:22

Cherkizovo Group (MOEX: GCHE), the largest vertically integrated meat producer in Russia, today announces operating results for the June and second quarter of 2018. Second Quarter 2018 Highlights Chicken: Sales volumes of 130.98 thousand tonnes declined 5% compared to the previous quarter and were flat compared to 2Q17. Significant average sales price growth, compared to the previous quarter and year-on-year results, is attributed to the chicken market being undersupplied with lower deliveries from some domestic producers, and the positive effect from our Petelinka and Chicken Kingdom branded products quickly gaining market share on key markets. Turkey:. Read more...

Goals, resources and results from Russia's trade wars

  • 16 Nov 06:57

Goals, resources and results from Russia's trade wars Conflicts can be solved diplomatically, militarily or economically. Russia has had disputes with Turkey over tourism and Egypt over wheat exports. The Kremlin has even fought economic battles over fruits and vegetables. Moscow has criticized the West for its economic sanctions against Russia.But the Kremlin has demonstrated it is also willing to use an economic weapon: the embargo. The latest example came in a dispute over Russian wheat exports to Egypt, which over the past year has represented the most important foreign market for Russian grain. International standards allow up to 0.05 percent of the crop to contain ergot fungus. In 2016, Cairo. Read more...

Individuals Eat Less Turkey

  • 24 Jun 12:07

Individuals Eat Less Turkey Few countries actually attempt to measure poultry consumption. In most instances the figures are not measures of the actual quantities consumed, but are estimates of the supplies available for consumption divided by estimates of the population, writes industry analyst Terry Evans. For chicken meat the global average is a little over 13 kg per person per year. Since 2000 global growth in turkey production at around 0.7 per cent per year has not kept pace the annual average increase in the population of around 1.2 per cent. Hence, in theory, the average global consumption of turkey meat has slipped a shade from 0.83kg to 0.77kg. However, this is a misleading. Read more...