Pig breeders in China who have managed to keep fatal African swine fever off the...
BEIJING - Pig breeders in China who have managed to keep fatal African swine fever off their farms since outbreaks began a year ago are now set to reap rewards, with some in line for record profits of $200 per hog thanks to soaring prices.
“The timing is earlier than expected,” said Pan Chenjun, senior analyst at Rabobank. “August is still the low season but now everyday we see an increase in price.” Live hog prices in Guangdong have rocketed to more than 28 yuan per kg, double the level in late May. Neighboring Guangxi region and Fujian province have also hit 26 yuan and 28 yuan respectively.
“We’re expanding. The future will be very good,” Yin Pingan, chairman of Chongqing Riquan Agriculture and Animal Husbandry Co Ltd, told Reuters by phone.
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