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Cherkizovo Increases Grain Harvest by Half

28 November 2013

RUSSIA - Russian meat and feed manufacturer, Cherkizovo Group has seen its 2013 grain harvest reach 175,000 tonnes, up 51 per cent from 116,000 tonnes in 2012.

The net harvest amounted to 163,000 tonnes compared to 110,000 tonnes in 2012 – a rise of 48 per cent.

This year, the Group planted and harvested approximately 40,000 hectares in the Orel and Voronezh regions.

Along with the harvest increase, Cherkizovo Group demonstrated a significant increase in yields. Winter wheat yield increased by 48 per cent, from 3.4 t/ha in 2012 to 5.0 t/ha in 2013, and from 3.3 t/ha to 4.9 t/ha in net weight (up 50 per cent).

This is significantly higher than the average yield in Russia of 2.3 t/ha according to Ministry of Agriculture data.

The table below illustrates Cherkizovo’s 2013 yields vs average for Russia, t/ha:
Commenting on 2013 harvest, Sergei Mikhailov, Cherkizovo Group CEO, said: “Our grain segment demonstrated strong operational results for the second year in a row.

“This year, we doubled the wheat harvest and tripled the corn harvest.

“Our land is located in the fertile Black Earth region of Russia, and the Company aims to combine the most modern agro with the use of the best management practices.

“This is why we speak of good results and strong growth potential. Our competitive advantage is the combination of our own land and our grain storage facilities that may hold approximately 500 thousand tonnes of grain.

“With that, we are able to build a flexible grain procurement program and act with the confidence under any market conditions.”


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