China to sink $7.14 billion to boost hog production

In a statement, China’s agriculture ministry said, large pig farms are queuing up along with smaller, family-based farms to tap a state-initiated investment of $7.14 billion (nearly 50 billion yuan) to boost hog productions in the country.

So far, fifteen large pig farms in Beijing have signed 19 agreements with local governments in 16 Chinese cities including as Liangzhou, and Engshi, to raise pigs together, said the Ministry of Agriculture and Rural Affairs.

These projects are expected to produce more than 22 million hogs for slaughter annually and will involve 33,000 rural families, said the ministry without disclosing a timeline.

China’s agriculture minister, Han Changfu stated, big farmers are encouraged to take a stake in these program by building a number of standardized household-based farms, slaughter houses and refrigerating centers.

China’s pig herd has been significantly affected by a deadly African swine fever which has decimated its herd.

China is the world’s biggest producer and consumer of pork.

($1 = 6.9992 Chinese yuan renminbi)

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