Pig prices in China plummeted from ¥36.01/kg (US$5.68) in early 2021 to ¥10.35/kg (US$1.63) in early October.
In 2016, New Hope, which is mainly focused on its feed business, entered into livestock production, specifically, pig production.
From August 2018 to the present, in just three years, the price of China's live pig market has experienced abnormal fluctuations, seeing an increase of as much as four times at one time. However, since the beginning of this year, the price of pigs has fallen back to the where it started three years ago.
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