September 19, 2007

 

AgFeed to supply feed to Shanghai hog producer

 

 

AgFeed Industries, a US-listed feed producer based in China, announced it has signed a premix feed supply agreement with Shanghai Fenghai Enterprises, one of the largest Shanghai hog farm conglomerates.

 

Under the agreement, AgFeed would supply premix feed for Fenghai's annual hog production of 300,000 hogs.

 

Responding to the current pork shortage in China, Shanghai Fenghai expects to double its hog production capacity to 600,000 hogs in the next two years. The company is a key supplier of hogs and pork to Shanghai.

 

Songyan Li, Ph.D., Chairman of AgFeed Industries said China's pork shortage has forced pork prices higher and encouraged increased hog production

 

At the same time, these producers are encouraged to seek quality and effective feed solutions from reliable and proven feed suppliers, he added.

 

AgFeed is a public company listed on the NASDAQ in the US.

 

The company manufactures and sells premix animal nutrition products targeting China's growing animal feed market. China's animal feed market was approximately US$40 billion in 2006 according to China Feed Industry Association.

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