Sowing of Winter Crops Picks Up Speed

September 12, 2014

The 2014 harvest campaign is not yet over, but it is already time for the 2015 sowing season: Cherkizovo Group is sowing winter crops in Voronezh, Lipetsk, Moscow, and Orel Regions. The work is progressing faster than it did last year, and grain crops have already been sowed on 18,000 ha; the total sowing area is 28,000 ha. Consequently, as of September 15, the plans for the 2014 sowing campaign were 70 percent accomplished.

In mid-September, the biggest sowed areas of winter crops were in Nizhnedevitsky District in Voronezh Region: 8,700 ha, or 89.9 percent of the plan (9,800 ha). In Orel Region, 5,800 ha, or 65 percent of the plan (9,000 ha), were sown; in Lipetsk Region, 3,300 ha, or 41 percent of the plan (8,700 ha); and in Moscow Region, 520 ha, or 47 percent of the plan (1,100 ha).

This year, Cherkizovo Group has posted high figures for winter crop yield. From an area of 32,200 ha, the company harvested a record yield of 176,000 tonnes, which was 54 percent more than the gross collection of the same crop one year earlier. The late-August dry, hot weather made it possible to harvest the crops in a timely manner.

Deploying more than 30 units of farm machinery to sow winter wheat, Cherkizovo Group’s agronomists plan to sow until September 20, meeting the optimal deadline.

About Cherkizovo Group

Cherkizovo Group (LSE:CHE; MOEX:GCHE) is the largest meat and feed manufacturer in Russia. The Group is one of three leaders on the poultry meat, pork, and sausage product markets. The company's best known brands are Cherkizovsky, Petelinka, Kurinoe Tsarstvo, and Mosselprom. CEO Sergei Mikhailov and members of his family control 63% of Cherkizovo Group, and 37% of the shares are quoted on the LSE and RTS/MICEX.

Due to its vertically integrated structure, which includes agricultural land, grain storage facilities, own feed production, livestock breeding, growing and slaughtering, as well as meat processing and integrated distribution, Cherkizovo has consistently delivered sustainable revenue and profit growth. In 2013, the company's consolidated revenue exceeded $1.6 billion, and the Group produced more than 500,000 tonnes of meat products.

Cherkizovo Group’s strategy calls for organic growth and setting up new plants, as well as consolidating its assets. In the past 5 years alone, Cherkizovo Group has invested more than $1 billion in development of the domestic agroindustrial sector.