Muyuan Foods is betting on an increase in live hog prices this year. Photo: AP Photo
China’s No 2 pork producer eyes expansion amid deadly outbreak of African swine fever
- Muyuan Foodstuff expects live hog prices to rise to 20 yuan per kg from 11.6 yuan last year
- Shares of the Shenzhen-listed company have risen 84 per cent this year
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China economy
Muyuan Foods is betting on an increase in live hog prices this year. Photo: AP Photo