AgFeed and Zhongpin Optimistic on Growth Prospects
29 Settembre 2011 - 2:16PM
Marketwired
The Paragon Report examines investing opportunities in China's
Consumer Goods Sector and provides equity research on AgFeed
Industries, Inc. (NASDAQ: FEED) and Zhongpin, Inc. (NASDAQ: HOGS).
Access to the full company reports can be found at:
www.paragonreport.com/FEED
www.paragonreport.com/HOGS
The latest stats show that farmers are earning in the
neighbourhood of $200 per hog -- the highest price in decades --
stoking inflation worries while setting pork suppliers fidgeting
upon the potential shake-up in the industry. These numbers have
prompted the Chinese government step in to stabilize the market.
This is welcome news for larger agricultural firms, as generous
government investments are encouraging increased hog production.
The communist government said it would invest heavily in the
large-scale pig farms and raise subsidies to encourage pig farmers
to stay in the business. The Chinese Government says that it will
invest 2.5 billion yuan ($390 million) in large pig farms this
year. Also, all farmers and pig farms will receive a subsidy of 100
yuan for every sow they raise.
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Zhongpin believes the outlook for China's pork processing
industry remains quite positive. For the year 2011, Zhongpin
expects sales revenues should be within a range of US$1.33 billion
to $1.37 billion.
Despite writing off some of the more than 30 hog farms acquired
in the last two years, AgFeed Industries continues to be a growing
player in China's hog production sector. AgFeed and the local
government together act in partnership with local farmers to secure
the necessary financing, provide the necessary guidance, technical
and nutritional support in order for the farmers to improve their
productivity. AgFeed's global production system will be structured
to assure clients and business partners a reliable supply of
competitively priced pork. The company says it expects to initially
supply pork from its established production base in the United
States and our burgeoning production base in China.
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