Muyuan Foodstuff
| Industry | Food |
|---|---|
| Products | Pork |
Number of employees | 137,000 |
Muyuan Foodstuff (Chinese: 牧原食品; pinyin: Mùyuán Shípǐn) is a Chinese food company specializing in pork production. As of 2023, Muyuan raises approximately 60 million and slaughters 13 million pigs per year.[1] They operate the world's largest pig farm.
History
[edit]Muyuan was founded by husband and wife Qin Yinglin and Qian Ying, who started their first farm in 1992.[2] By 1994, they had 2,000 pigs, and by 1997 they had 10,000. In 2000, Qin founded Muyuan Farming (牧原养殖), the company that would eventually become Muyuan Foodstuff.[3] In 2010, the company received an International Finance Corporation loan and investment.[4][3] By 2013, Muyuan Foodstuff Ltd. had two wholly owned subsidiaries and one participating company, and was raising more than one million pigs for slaughter per year. On 28 January 2014, Muyuan stock (002714.SZ) started trading on the Shenzhen Stock Exchange.[3] By 2019, they were the second largest pork producer in China after Wens Foodstuff Group.[5]
In 2020, the African swine fever epidemic caused the global price of pork to rise and Muyuan's profits grew 1,413% in the first nine months of 2020. This cash allowed them to invest in a new generation of mega farms.[6] During the swine fever crisis, Muyuan was able to thrive because it owns more of its own facilities than competitors, allowing it to better control the spread of disease.[4]
In 2021, they were the world's leading sow producer.[7]
Facilities
[edit]Muyuan's pig farm near Nanyang is the world's largest. Its pig barns are multistory which allows for higher density. The farm is farrow-to-finish meaning that pigs taken from breeding to slaughter on-site. Production at this farm is targeted at 2.1 million pigs a year.[6]
References
[edit]- ^ "Chinese pig farming kings thrive as prices soar". South China Morning Post. 15 December 2019. Retrieved 18 February 2021.
- ^ Canter, Lily. "Meet the world's richest farmer who made billions from swine flu and the coronavirus pandemic". news.yahoo.com. Yahoo Finance.
- ^ a b c "秦英林家族：中原养猪大王 世界银行资金源头" (in Chinese). 理财周报. 21 July 2014. Archived from the original on 15 September 2016.
- ^ a b "China's 'pork king' and world's richest farmer faces end to fortuitous crisis". www.ft.com. Retrieved 18 February 2021.
- ^ "China's pork consumption falls as African swine fever spreads". reuters.com. Reuters. 17 May 2019. Retrieved 16 July 2022.
- ^ a b Patton, Dominique (7 December 2020). "Flush with cash, Chinese hog producer builds world's largest pig farm". reuters.com. Reuters. Retrieved 16 July 2022.
- ^ Mcgregor, Grady. "China is getting its pig epidemic under control, but it's not out of the woods yet". fortune.com. Fortune. Retrieved 16 July 2022.
