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Since the beginning of this year, the price of pork has shown a downward trend month by month, and the current selling price in some places has even dropped to the level of 2016
The drop in pig prices and the loss of pig farming have made Wen's, Muyuan, Tang Renshen, and New Hope enter the food industry and continue to work hard, making the food business an important profit channel
Tang people:
Contribute 200 million yuan to gradually extend to downstream industries
Tang Renshen recently announced that it plans to invest in the establishment of Guangdong Tang Renshen Industry Development Co.
Tang Renshen said that benefiting from multiple factors such as population, economy, and transportation, the price of pigs in Guangdong Province is relatively high, and the cost of raw materials is relatively low.
Muyuan shares:
It is proposed to set up a subsidiary to extend downstream from farming
On September 13, Muyuan Co.
According to the data, the subsidiary’s business mainly includes the acquisition and slaughter of live pigs; the processing of cut meat products and customized meat products; the development and sales of meat products; Development, production and sales of meat products; development, production and sales of animal by-products,
Muyuan Co.
Wen's shares:
Go deep into the food side and transform into a food-oriented enterprise
As a leading enterprise in the breeding industry, Wen's owns four major brands: Wen's Food, Wen's Tianlu, Wen's Jiawei, Wen's Dairy & Wen's Ranch
The relevant person in charge of Wen's said that Wen's itself is facing the need for transformation, and its key business has always been on the breeding side.
new Hope:
"90% of hot pot companies are our customers"
In the latest semi-annual report of New Hope, the attributable profit of its food industry was 70 million yuan, which more than doubled year-on-year, mainly due to the growth of slaughtering and cooked food business
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(Comprehensive International Livestock Network)
"China Food News" (September 16, 2021 05 edition)
(Editor-in-charge: Zhao Yingying)
