Business Maverick: China’s pig farmers mired in boom-bust cycle

Once every three to four years, pig farmers in the world’s largest producing country find themselves trapped in an unforgiving market that pushes some over-leveraged breeders to the brink of a debt crisis.

With pork the most popular protein on Chinese tables, pig breeding can be very profitable with gross margins rising above 30% for some producers when there’s a shortage, driving farmers to expand capacity despite soaring costs. Still, even for the top producers, it’s not always easy to follow the right beat.

Zhengbang Technology sold about 5.5 million pigs in 2018, when a long price slump hurt breeders, leading Chuying Agro-Pastoral Group for instance to default andbondholders with ham. Chuying was eventually delisted from the stock market and its bondholders are yet to get their money back.

In RSA pig farmers struggle to make ends meet. Current price for baconers and sausage pigs are not sustainable

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

Business Maverick: Pfizer Covid vaccines safe and effective for small children, FDA staff sayCovid-19 shots for children under the age of six are yet not approved in most parts of the world. And while demand for the vaccines for younger children has been low, it is expected to pick up once the vaccines gain authorisation.
แหล่ง: dailymaverick - 🏆 3. / 84 อ่านเพิ่มเติม »

Business Maverick: Britain to defy EU by scrapping Northern Ireland trade rulesPrime Minister Boris Johnson's Brexit deal kept Northern Ireland in the EU single market and customs union to preserve the open border with Ireland. Now, Britain wants to override those rules to ease trade.
แหล่ง: dailymaverick - 🏆 3. / 84 อ่านเพิ่มเติม »