The Chinese Ministry of Agriculture announced this morning that large pig fattening facilities are to cooperate with small family farms. This project is funded by Beijing with the equivalent of USD 7.14 billion to rebuild pork production, which was decimated by about 50% in China after the outbreak of African Swine Fever.
15 leading pig fatteners signed 19 agreements with local governments in 16 cities last Thursday to revive pork production in the country. These companies produce 22 million slaughter pigs a year and are to cooperate with 33,000 small family businesses.
The large fattening plants are being asked to take a financial stake in the small family businesses or lease their equipment. This is intended to standardize the high hygiene and quality standards in the smaller businesses as well. In addition, central cold stores are to be built at many locations.
China is the world's largest pig farmer and also a consumer of pork. The supply is still 50% dependent on smaller pig farmers.
Source
HANSA Terminhandel
