Muyan Foodstuff Co to boost its pig herd
11 November 2019
Muyuan Foodstuff Co., a Chinese large-scale pig producer, plans to boost its pig herd and expand its feeding and slaughtering capacities. In particular, the company expects the number of sows at its farms to reach 1.3 million until 2020. Also, Muyan reports net income of $217 million in Q3 2019, an increase of over 300% as compared to the same period last year.
After the numerous outbreaks of African swine fever across China, Chinese authorities set up a plan to boost national pork production through support of large-scale pork farms.