Wens Foodstuff Group, one of China’s largest pig farming companies, turned gains into losses last year due to falling hog prices and rising feed costs.

The agricultural company reported CNY13.3 billion (USD2.1 billion) in net loss in 2021, according to the Guangdong province-based firm’s earnings report released yesterday. In 2020, the company had posted CNY7.4 billion (USD1.2 billion) in net profit.

China’s largest pig producer lost $2.1bn (essfeed.com)