China’s billionaire farmer sees a tipping point in sky-high hog prices as herd recovers from African swine fever’s decimation

Muyuan Foods, China’s largest pig farmer by market value, expects hog prices to fall over the next two to three years, as the industry’s output recovers from a sweeping epidemic that decimated the country’s herd by 40 per cent at one point.The African swine fever, harmless to humans but fatal to pigs, spread to China in late 2018 and propelled a national crisis as the price of pork surged fourfold to a historical high of 41 yuan per kg through November last year. The price of the most important…

Read the original article at South China Morning Post