Pigs stand in a barn at a pig farm in Jiangjiaqiao village in northern China's Hebei province. Photo: Associated Press

Shares of Chinese pig-breeder New Hope expected to keep fattening up even after stock has more than doubled this year

  • Shares of New Hope Liuhe have soared 151 per cent this year but are predicted to go up 30 per cent more in next 12 months
  • African swine fever has upended pork supply in China and driven up prices
Topic |   Food and agriculture

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Pigs stand in a barn at a pig farm in Jiangjiaqiao village in northern China's Hebei province. Photo: Associated Press
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Rabo Bank estimated recently that the African Swine fever outbreak could halve China’s pig herd this year, triggering a 25 per cent decline in pork production. Photo: AP

Is the world’s biggest pork consumer ready for substitutes, as African swine fever burns a path through China’s hog herds?

  • The Chicago-based biotech start-up says its alternative protein product can help fill the supply gap caused by deadly porcine virus outbreak in China
  • Start-up has won backing from tech fund started by Bill Gates, and attracted former Kraft Foods chief executive Tony Vernon to its board
Topic |   African swine fever

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Rabo Bank estimated recently that the African Swine fever outbreak could halve China’s pig herd this year, triggering a 25 per cent decline in pork production. Photo: AP
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