World meat industry news

Cherkizovo Group Announces Financial Results for the third quarter and 9 months of 2018

  • 16 Nov 08:42

Cherkizovo Group Announces Financial Results for the third quarter and 9 months of 2018 PJSC Cherkizovo Group (MOEX: GCHE), the largest vertically integrated meat producer in Russia, today announces its unaudited consolidated IFRS results for the period ending September 30, 2018. Third quarter financial highlights Revenue increased by 10.7% year-on-year (y-o-y) to RUB 25.2 billion. Net change in fair value of biological assets amounted to negative RUB 1.4 billion in 3Q18, compared to negative RUB 1.0 billion in 3Q17. Revaluation of harvested crops in stock totalled RUB 0.8 billion from RUB 0.1 billion in 3Q17. Gross profit improved by 29.9% y-o-y to RUB 6.4 billion. Adjusted EBITDA* up by 65.4% y-o-y to RUB 6.0 billion. Adjusted EBITDA. Read more...

Ukraine's pork exports decreased threefold in 2018

  • 15 Nov 10:37

Ukraine's pork exports decreased threefold in 2018 Ukraine's pork exports reached 1.54 thousand tonnes between January and October, which is 3 times less compared to the same period last year. Shipments also decreased in value in the mentioned period to $3.33 million, according to the Ukranian press agency Unian. On the other hand, data from the State Fiscal Service shows that Ukraine has imported 5.7 times more pork in volume and 1.4 times more in value, pork imports reaching 23.4 thousand tonnes worth $43.2 million. Meanwhile, the country's poultry meat exports increased by 18.7% to 271.33 thousand tons in volume and by 31.6% to $425.22 million in value in the first ten months of the year. Read more...

Brazil meat won`t make any price changes in Russian meat market

  • 15 Nov 10:30

Brazil meat won`t make any price changes in Russian meat market Russian Ministry of Agriculture does not expect changes in meat prices due to the resumption of meat imports from Brazil. "The resumption of meat supply from Brazil will not have a significant impact on the price level in the domestic market due to the insignificant volumes of imports from this country relative to the total market volume," said the officials. According to the Director General of the National Union of Pig Breeders Yuri Kovalev, Brazil will not be able to return the previous volumes of meat supplies. “The peak of the pork supply from Brazil was fixed in 2017, when it was imported about 250 thousand tons of meat. In 2018 supplies from this. Read more...

Ukraine opens its market for Lithuanian sheep and goats

  • 14 Nov 10:06

Ukraine opens its market for Lithuanian sheep and goats The Lithuanian State Food and Veterinary Service (SFVS) announced last week that Lithuania will shortly be able to export sheep and goats to Ukraine. Lithuanian authorities have come to an agreement with their Ukrainian counterparts on the veterinary requirements for the breeding of livestock destined for export. Lithuania's veterinary watchdog expects this new deal to benefit the country's sheep and goat producers. According to the data of the State Enterprise Agricultural Information and Rural Business Center (ŽŪIKVC), although there is just a slight increase in the number of sheep farms in Lithuania, the number of sheep is constantly growing. Currently,. Read more...

Meat production in Russia increased by 11.6%

  • 14 Nov 10:03

Meat production in Russia increased by 11.6% Meat production in Russia in January-September 2018 increased by 11.6% compared with the same period of the last year and amounted 1.9 million tons, according to Rosstat. The production of poultry meat and by-products during the reporting period increased by 0.7% and reached 3.6 million tons. According to statistics, the production of meat and meat-containing semi-finished products during the reporting period increased by 6.7%, to 2.4 million tons. At the same time, the production of sausage products in Russia in the first nine months of 2018 increased by only 0.8% and. Read more...

Large goat farm will be build in Moscow region in 2 years

  • 13 Nov 10:34

Large goat farm will be build in Moscow region in 2 years A goat farm with a processing complex for the production of milk, cheese and meat will appear in the Schelkovsky municipal district of Moscow region in 2020. This was reported on the website of the regional government at the end of October. “The implementation of the EcoFarming project will create 62 new jobs in the region, and the amount of tax and non-tax revenues to the regional budget over 10 years will be more than one billion rubles,” said Alexey Vyurkov, Acting Minister of Property Relations of the Moscow region. A milk-processing enterprise with the breeding of Zaanen breed goats will be located on an area of ​​1,100 hectares. After reaching full. Read more...

Ukraine's pork exports decreased threefold in 2018

  • 13 Nov 10:33

Ukraine's pork exports decreased threefold in 2018 Ukraine's pork exports reached 1.54 thousand tonnes between January and October, which is 3 times less compared to the same period last year. Shipments also decreased in value in the mentioned period to $3.33 million, according to the Ukranian press agency Unian. On the other hand, data from the State Fiscal Service shows that Ukraine has imported 5.7 times more pork in volume and 1.4 times more in value, pork imports reaching 23.4 thousand tonnes worth $43.2 million. Meanwhile, the country's poultry meat exports increased by 18.7% to 271.33 thousand tons in volume and by 31.6% to $425.22 million in value in the first ten months of the year. Read more...

Ukranian poultry producer MHP among those affected by Russian sanctions

  • 12 Nov 08:53

Ukranian poultry producer MHP among those affected by Russian sanctions Russia imposed financial sanctions on Ukraine's political elite on Thursday, freezing the Russian assets of hundreds of politicians and officials along with dozens of businesses owned by Ukrainian businessmen/ The sanctions were set out in a decree signed by Russian Prime Minister Dmitry Medvedev and were described as counter-sanctions drawn up in response to similar Ukrainian measures against Russian citizens and companies. The decree said 322 individuals and 68 businesses were targeted, including President Petro Poroshenko's son Olexiy, presidential contender Yulia Tymoshenko, the head of Ukraine's SBU security service Vasil Hrytsak, interior minister. Read more...

Poultry prices rose sharply in Russia

  • 12 Nov 08:52

Poultry prices rose sharply in Russia Prices of chicken meat rose sharply in Russia in September. reports Ren TV. It is noted that the increase in prices mainly concerns the wholesale trade, although retail prices have also increased in some regions. The growth was about 10–12%. So, half a year ago a kilogram of chicken meat could be bought for 122 rubles, and in September 2018 the price rose to 140 rubles. Poultry producers believe that the rise in prices for chicken meat was caused by a noticeable rise of feed prices. Dry summer also caused some pressure on market because poultry not only did not gain weight, but also died because of heat. Experts note that production at large poultry farms has. Read more...

Russia to launch exports of frozen poultry to China

  • 9 Nov 10:38

Russia to launch exports of frozen poultry to China Russia will start exporting frozen poultry and dairy products to China, following the trade agreement recently reached by the two countries. After several years of negotiations between the authorities from the two countries, Russian poultry producers will be able to launch their exports to China by the end of this year. On November 7, Russia's agricultural watchdog Rosselkhoznadzor and the General Administration of the People's Republic of China have signed protocols on mutual deliveries of frozen poultry and dairy products. Rosselkhoznadzor considers this "an important and long-awaited step on the path of building mutually beneficial and most. Read more...