男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Policies

Nation's pig breeders make hay as pork prices surge

By Zhu Wenqian | China Daily | Updated: 2020-01-10 09:33
Share
Share - WeChat
Citizens in Zhengzhou buy pork at a local supermarket, Jan 27, 2019. [Photo/IC]

Major pig breeding firms posted robust sales and higher net profits last year as pork prices surged and the uptrend is likely to continue this year, industry experts said.

An African swine fever outbreak had led to a shortage of more than 10 million metric tons of pork in China, or at least 20 percent of China's total pork output in 2019. It will take about six months for a recovery in the pig production capacity and breeding of new pigs. The shortage has helped pig breeders achieve strong earnings and created more billionaires in the sector.

Qin Yinglin, founder of Muyuan Group, a Henan-based major pig breeder, became the richest man in the food sector last year. With a personal fortune of 117.38 billion yuan ($16.9 billion), he was the only one from the food sector in the Top 10 of China's Richest 2019 list of Forbes.

In 2019, Muyuan netted sales of 19.66 billion yuan, up 48.17 percent on a yearly basis. The valuation of the Shenzhen-listed company is now more than 200 billion yuan, the highest among pig breeders in the country.

"Since June last year, pig breeding has started entering a profit-earning period. After October, the income of pig breeders reached a new high," said Zhu Zengyong, a researcher with the Chinese Academy of Agricultural Sciences.

"Affected by the pig recovery cycle, pork supplies will be tight in the first half of this year, and pork prices will remain high. Prices are expected to decline in the second half, while the whole-year average price is foreseen to be still higher than last year," he said.

"With higher slaughter rate, the revenue from pig breeding will be higher than last year," he said.

Guangdong-based Wens Foodstuff Group Co Ltd, China's largest pig breeder, is expected to achieve net profit of 13.85 billion yuan to 14.3 billion for 2019, up 249.97 percent to 261.35 percent on a yearly basis, according to its latest earnings forecast.

Last year, the company netted sales revenue of 39.55 billion yuan, up 20.03 percent year-on-year. It sold 18.52 million pigs, down 16.95 percent year-on-year, while the average selling prices stood at 18.79 yuan per kg, jumping 46.57 percent year-on-year, the company said.

Meanwhile, New Hope Liuhe, a listed company of China's major feed producer New Hope Group, also posted strong sales last year. From January to November last year, New Hope Liuhe sold 3.14 million pigs and achieved sales of 7.02 billion yuan.

In November, the breeder sold 395,800 pigs, up 66 percent year-on-year. Its net income in the month reached 1.45 billion yuan, soaring 291 percent year-on-year, according to the company.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 耒阳市| 金沙县| 衡东县| 铁岭县| 奈曼旗| 安图县| 永春县| 漳平市| 蒙城县| 太仆寺旗| 四子王旗| 昌都县| 松阳县| 苗栗市| 苏尼特右旗| 汉源县| 穆棱市| 怀集县| 新巴尔虎右旗| 会同县| 怀仁县| 闸北区| 甘洛县| 衡阳市| 嘉鱼县| 刚察县| 原阳县| 博罗县| 云霄县| 哈密市| 商河县| 阿图什市| 会理县| 牡丹江市| 安陆市| 淳安县| 肇东市| 布拖县| 迁安市| 陆河县| 苏尼特右旗|