Chinese pig farming giant Zhengbang announces feed management coordination, following video of starving pigs

A staff member cleans a pig pen in Jinchuan Pig Farm of Jiangxi Zhengbang Breeding Co. Ltd. in Xingan County, east China’s Jiangxi Province. Photo: Xinhua

One of China’s leading pig-breeding companies, Zhengbang Group, was recently in the spotlight due to a video clip that went viral on Chinese social media, which showed pigs owned by the company’s breeders dying from hungry due to a shortage of food, even with images of some pigs eating. the corpse of other dead pigs.

Zhengbang Group on Monday responded to investors’ questions on media reports of a shortage of feedstuffs that the incident was isolated from regional areas and will not affect the company’s operation, noting that the problems were solved through the coordination of resources.

Zhengbang Group said the company suffered financial difficulties due to the impact of the COVID-19 epidemic and the drop in pork prices in June, and the shortage of animal feed was caused. by a lack of communication between logistics and feed mills, committing to rectify the process using several measures. .

In early July 2022, the National Development and Reform Commission (NDRC), China’s top economic planner, moved to rein in soaring pork prices, considering tapping into central and local pork reserves to prevent a Prices are rising rapidly, following a July 4 meeting that highlighted a crackdown on hoarding and other illegal activities behind the recent rise in pork prices.

According to data from China’s Ministry of Agriculture and Rural Affairs, China produced 365.87 million pigs in the second quarter of 2022, about 170 million more than the level of the first three months. The wholesale pork price in June hit 21.57 yuan ($3.19) per kilogram, a slight increase from May’s price of 20.68 yuan per kilogram.

world times