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China pig producers Q1 earnings tumble on lower prices, disease

By Dominique Patton BEIJING, April 22 (Reuters) - China's top pig producers are set to report a plunge in first-quarter profits from the huge gains of last year, after hog prices fell, and disease, more expensive feed and poorly performing sows further eroded earnings. The earnings declines began in the fourth quarter of 2020 and margins are still under pressure, said analysts, as companies face ongoing challenges and costs in recovering from African swine fever, which ravaged the country's hog herd in 2018 and 2019 and saw a resurgence this winter.

Chinese pork output beats expectations in 2020, after swine fever hit

1/18/2021 By Dominique Patton BEIJING, Jan 18 (Reuters) - China s pork output fell less than expected last year as it recovered from the impact of an incurable hog disease that depleted breeding stock, official data showed on Monday. China s 2020 pork output declined by 3.3% from a year earlier to 41.13 million tonnes after plunging 21% in 2019, the National Bureau of Statistics (NBS) said. Some analysts expected a bigger fall in 2020 after an outbreak of African swine fever hit China in mid-2018 and meant the country s breeding stock had declined an estimated 60% by mid-2019. The 2020 reading is quite high, higher than I expected. In November, we probably expected a 10-15% decline, said Pan Chenjun, senior analyst at Rabobank.

UPDATE 2-Chinese pork output recovers sharply in 2020, beating expectations

1/17/2021 By Dominique Patton BEIJING, Jan 18 (Reuters) - China s pork output posted a sharp recovery last year after the sector was decimated by an incurable hog disease in 2019, official data showed on Monday. China s 2020 pork output fell 3.3% from a year earlier to 41.13 million tonnes after plunging 21% in 2019, the National Bureau of Statistics said. But some analysts said they had expected a much bigger fall in 2020 after the African swine fever ravaged China s breeding stock in 2019. China s stock had fallen by an estimated 60% by mid-2019 after the disease hit China in mid-2018. The reading is quite high, higher than I expected. In

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