13.
08.18
10:06

New hope not directly affected by the outbreak of African swine fever

Chinese pig breeder New Hope Liuhe said today that the company is not directly affected by the effects of African swine fever.
On 3 August, such an outbreak was reported for the first time in Far East Asia. Nearly 1,000 pigs were culled near the provincial capital of Shenyang.
At the request of an investor, New Hope Liuhe had responded that there were no animals ready for slaughter in the affected area and that extensive precautionary measures were taken early on here and in other parts of the country.
However, indirect losses may be incurred, namely through additional government control measures in the slaughterhouses belonging to the pig fattening group.
As early as April, the management released a profit warning for the first half of 2018 because pork prices in China had dropped from a multi-year low.

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