Chinese pork processing giant WH Group Ltd, said this morning that 2021 profits were up 7.2% to $ 1.043 billion thanks to higher sales in the US and Europe.
China’s hog prices plummeted in 2021 after farmers rebuilt their herd due to the African swine fever outbreak, occurred in 2018.
Lower Chinese pork prices have resulted in increased sales in both the US and the EU, while also boosting profits.
Many analysts expect low prices for the rest of the year.
