World meat industry news

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

  • 15 Feb 09:21

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...

Kazakhstan wants to revive its pork industry

  • 14 Feb 09:14

By 2025, the Kazakh Union of Pig Farmers hopes to establish pork export of around 100,000 tonnes per year. The Kazakh Union of Pig Farmers intends to revive the pork production in the country and hopes to open the Russian and Chinese market for their exports. A recent development programme adopted by the Union plans to establish pork export of around 100,000 tonnes per year by 2025. "With the improved effectiveness and decreased production costs, an export price of around US$ 3.5 per kg would be a great deal for the Kazakhstan pig farmers", said Viktor Lim, chairman of the Kazakhstan Union of Pig Farmers. That requires increasing the domestic pig population. Read more...

Rosstat: Eggs and pork prices went down

  • 14 Feb 09:13

Prices for chicken eggs decreased by 1.3%, and for pork - by 0.3% from January 15 to 21. This follows from the consumer price index published by Rosstat. At the same time, prices for other products increased during this period. In particular, prices for millet (1%), lamb and flour (0.6%), half-smoked sausages, sausages and wieners, pasta and vodka (0.4%) showed an increase. Prices for boiled sausages, butter, sour cream, buckwheat and tea rose by 0.3%. According to Rosstat, the average increase in fruit and vegetable prices was 0.6%. At the same time, the prices for white cabbage increased by 2.5%, and. Read more...

Veterinary services of Russia and Belarus will discuss transit of livestock products

  • 14 Feb 09:13

The head of the Rosselkhoznadzor Sergei Dankvert and his Belarusian counterpart Ivan Smilgin will discuss lifting restrictions on supplies of Belarusian food to the Russian market, RIA Novosti reports. The parties also intend to develop mechanisms for the transit of livestock products, which follow from Belarus through Russian territory to. Read more...

Russia became a net exporter of pork in 2018

  • 13 Feb 09:27

Russia exported pork and offal totaling 106,000 tonnes in the year to November, increasing its shipments by 11% compared to a year ago. These results makes the country a net exporter, according to the Agriculture & Horticulture Development Board (AHDB). Felicity Rusk, trainee analyst at AHDB, said that the growth is mainly based on an increase in exports to Vietnam, Belarus, Azerbaijan and Ukraine. Shipments to Vietnam increase over two fold in the year to November, reaching 15,000 tonnes. On the other hand, shipments to Russia's largest export destination, Hong Kong, totaled only 26,000 tonnes, down almost 23% year-on-year. Russia's fresh and. Read more...

Cherkizovo Group - one of largest pork producers in Russia

  • 13 Feb 09:26

According to the rating of the National Union of Pig Producers for 2018, which included the largest producers of pork in the Russian Federation, Cherkizovo Group still ranks second. Thanks to the launch of new pig farms in the Lipetsk, Voronezh and Penza regions, the group increased its production from 212 thousand tons to 250 thousand tons, and its market share from 5.5% to 6.1%. In general, the production of pork in all farms last year reached 3.7 million tons in slaughter weight, according to the National Union of pig producers. This is almost 200 thousand tons or 5.5% more than in 2017. The growth in agricultural organizations was at the level of 8% - 240. Read more...

Russian exports to China exceeded imports for the first time

  • 13 Feb 09:25

The trade turnover between the two countries in 2018 for the first time exceeded $ 100 billion. Russia sold $ 56 billion worth of goods and bought it at $ 52 billion. Moreover, during autumn visit to the People's Republic of China, Prime Minister Dmitry Medvedev said that the next goal was a trade turnover of $ 200 billion. Theoretically, this is a real task. But there is no confidence in its achievement, since everything depends on how the trade war between China and the US ends, said Alexander Dushkin, asset manager of the International Fund for Private Investment: “I think that the movement towards this figure is very realistic, since China is a producer. Read more...

Russian meat producers were promised to get Turkish market

  • 12 Feb 09:43

Russian ambassador to Turkey expects the opening of the Turkish market for Russian meat producers soon/ The Russian ambassador to Turkey, Alexei Yerkhov, said that Moscow and Ankara were able to achieve the “first results” in the agreements on the supply of Russian meat and milk to Turkey. According to the diplomat, the first decision was reached on the admission of Russian meat and its products to Turkey within the framework of the quota allocated by the authorities. As expected, deliveries will be duty free. According to Yerhov, concrete decisions on the export of meat in Turkey will appear in the coming weeks. "... We are breaking through. Read more...

State program for the development of agriculture was extended till the end of 2025

  • 12 Feb 09:39

The government of the Russian Federation extended the state program for the development of agriculture and the regulation of markets for agricultural products, raw materials and food till the end of 2025. In the years 2021-2025 the amount of state program funding will be 4.2 trillion rubles. The amount of funding for events of the current year increased from 297 billion rubles up to 793 billion rubles. 742 billion rubles will be allocated for these purposes next year. As noted by TASS, the total budget of the state program has increased almost 4 times - from 2.2 trillion rubles to 8.2 trillion rubles. The volume of federal budget allocations increased from 1.7. Read more...

Miratorg plans to increase the number of cattle on farms in the Kaliningrad region

  • 12 Feb 09:36

Miratorg, the largest beef producer in Russia, plans to increase the number of cattle on farms in the Kaliningrad region by 20% up to 81,000 heads in 2019 as part of the expansion of the interregional meat cattle breeding project. Miratorg has invested 7.2 billion rubles in the cattle breeding industry in the Kaliningrad region. The company’s farms contain over 60 thousand animals of the specialized breed Aberdeen Angus. To increase the number of cattle to 1 million heads in the next few years, Miratorg continues to build new livestock sites.In 2019, the number of high-tech farms in the Kaliningrad region will increase to 13. To provide the growing. Read more...