Oct 27, 2022 07:57 PM

Chinese Pork Producers Report Surging Profits as Prices Rise

Photo: VCG
Photo: VCG

Chinese pork producers have reported solid profits for the third quarter, as expectations of tightening supply and increased seasonal demand continued to drive a price rally from April lows.

Muyuan Foods Co. Ltd. (002714.SZ), China’s largest pig farmer, reported 8.2 billion yuan ($1.1 billion) in net profit attributable to shareholders in the third quarter, reversing four consecutive quarters of net loss, according to its Monday exchange filing.

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