Cherkizovo Group ranks second in pork production in RussiaFebruary 11, 2019
Moscow, Russia – 11 February 2019 – Cherkizovo Group remains second in the National Union of Swine Breeders’ rating of Russia’s largest pork producers in 2018.
The launch of new pig farms in the Lipetsk, Voronezh and Penza Regions helped the Group boost its production from 212,000 tonnes to 250,000 tonnes, and its market share – from 5.5% to 6.1%.
The National Union of Swine Breeders estimates that the total slaughter-weight pork production across all the farms in 2018 reached 3.7 million tonnes, an almost 200,000 tonnes or 5.5% increase year-on-year. Agricultural holdings showed 8% growth and gained 240,000 tonnes, while family farms and household plots suffered a 45,700 tonnes decline.
In 2019, the overall production will grow by another 4–5% (150,000–170,000 tonnes of slaughter weight), according to the Union’s forecasts. By 2022 the aggregate production will increase by ca. 900,000 tonnes, to 4.4 million tonnes, with agricultural holdings' pork production up by about 1.1 million tonnes as compared to 2017, to reach 4 million tonnes of slaughter weight. The trend will be largely driven by Top 20 producers from the Union’s rating. The investments in taking pork production from almost 2.4 million tonnes in 2017 to 3.6 million tonnes on a live-weight basis will amount to RUB 379 billion by 2022.