Home >>Local

Pig Farming Gets a Welcome Boost

Source:China Daily Published:2019-12-06 14:29

Industry players expand production and increase investment in breeding projects

Traditional pig industry players and agricultural companies are increasing their investments in pig breeding and expanding production, in the wake of a pork shortage in China following an outbreak of African swine fever.

The swine fever has caused a shortage of more than 10 million metric tons of pork, or at least 20 percent of China's total pork output this year. Pork accounts for more than 60 percent of China's meat consumption.

Muyuan Group, a Henan-based major pig breeder, said on Sunday that it plans to establish six sub-affiliate companies in Hebei, Henan, Shandong, Jiangsu, Anhui, and Hubei provinces, with an investment of 140 million yuan.

"We are gradually expanding the scale and we need to improve our industrial chain that integrates the processing of feed and pig breeding. The setup of sub-affiliates will help us increase production scale and market share and achieve higher profits," Muyuan said in a statement.

Zhu Zengyong, a pork analyst at the Chinese Academy of Agricultural Sciences, said it would take about six months for a recovery in the pig production capacity and breeding of new pigs.

Editor:Zhao Xichen