Traders pig out on China pork stocks as deadly African swine fever roils world’s biggest pig market

//Traders pig out on China pork stocks as deadly African swine fever roils world’s biggest pig market

Traders pig out on China pork stocks as deadly African swine fever roils world’s biggest pig market

Traders in China pork-breeding stocks have been feeling mighty piggy, fattening up their portfolios amid an outbreak of deadly African swine fever.Shares of Muyuan Foodstuff and Jiangxi Zhengbang Technology have shot up to record levels, at least doubling over the past year.Traders are betting the pig disease that has rapidly swept through China will continue to disrupt supply and keep boosting the share prices of breeders.Brokerages from Shenwan Hongyuan Group to Citic Securities predict pork…

Article by [author-name] (c) South China Morning Post - Read full story here.

By | 2019-06-09T03:25:10+00:00 June 9th, 2019|Business|Comments Off on Traders pig out on China pork stocks as deadly African swine fever roils world’s biggest pig market