China’s second largest pig farmer rakes in the profit

China’s second largest pig farmer, Muyuan Foods Co Ltd, reported that full-year profits for 2019 jumped more than 1,000% to $869.8 million due to record hog prices caused by a drop in supply from the devastating ASF outbreak.

The company sold more than 10 million pigs last year, benefiting from a 140% increase in hog prices in 2019, after ASF wiped out the pork supply and left many breeding farms empty, Reuters reports.
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