China’s new pig farmers determined to ‘hold on’ despite big swings in pork prices

Nov 2, 2021 | INVESTING

China’s huge hog sector is struggling with excess production after millions of small, often first-time, pig farmers entered the industry to capitalise on record profits during a swine-fever related shortage.Now, even as prices hover below the cost of production and the government urges them to cull their herds, many of the newcomers are reluctant to give up, dimming hopes for the market returning to balance.“We’ve been losing 400,000 yuan (US$62,500) a month since July. But we made a profit…

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