Overcapacity due to Beijing’s policies and weak domestic consumption are at the root of the sector’s troubles, analysts say.
A vendor sells pork at an open market in Wuhan, China, on May 31, 2021. Getty Images
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Rising prices of both grain and animal feed triggered by the Iran war have put extra pressure on tens of millions of Chinese pig farmers, while domestic hog prices have hit a 16-year low.
Analysts told The Epoch Times that the root cause of the Chinese hog farmers’ struggle was systemic overcapacity and lasting weak domestic demand caused by the Chinese regime’s economic policies.
