Muyuan Foodstuff () is a Chinese

food company The food industry is a complex, global network of diverse businesses that supplies most of the food consumed by the world's population. The food industry today has become highly diversified, with manufacturing ranging from small, traditional, ...

specializing in

pork Pork is the culinary name for the meat of the domestic pig (''Sus domesticus''). It is the most commonly consumed meat worldwide, with evidence of pig husbandry dating back to 5000 BCE. Pork is eaten both freshly cooked and preserved; ...

production. As of 2019, Muyuan slaughters approximately five million pigs per year. They operate the world's largest

pig farm Pig farming or pork farming or hog farming is the raising and breeding of domestic pigs as livestock, and is a branch of animal husbandry. Pigs are farmed principally for food (e.g. pork: bacon, ham, gammon) and skins. Pigs are amenable to ...

History

Muyuan was founded by husband and wife

Qin Yinglin Qin Yinglin (, born 1965) is a Chinese agriculture tycoon, billionaire, Communist Party member, and the world's richest farmer. He is the chair and president of the pig farming company Muyuan Foodstuff and is one of the richest people in China. A ...

and Qian Ying, who started their first farm in 1992. The operation grew rapidly. 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. In 2010, the company received an

International Finance Corporation The International Finance Corporation (IFC) is an international financial institution that offers investment, advisory, and asset-management services to encourage private-sector development in less developed countries. The IFC is a member of t ...

loan and investment. 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 The Shenzhen Stock Exchange (SZSE; ) is a stock exchange based in the city of Shenzhen, in the People's Republic of China. It is one of three stock exchanges operating independently in Mainland China, the others being the Beijing Stock Excha ...

. By 2019 they were the second largest pork producer in China after Wens Foodstuff Group. In 2020 the

African swine fever ''African swine fever virus'' (ASFV) is a large, double-stranded DNA virus in the '' Asfarviridae'' family. It is the causative agent of African swine fever (ASF). The virus causes a hemorrhagic fever with high mortality rates in domestic pigs; ...

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. 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. In 2021 they were the world's leading sow producer.

Facilities

Muyuan's pig farm near

Nanyang Nanyang is the romanization of two common Chinese place names. It may refer to: Written as 南洋 (Southern Ocean) * Nanyang (region), a Chinese term denoting the Southeast Asian lands surrounding the South China Sea ;China * Nanyang Fleet, Qing ...

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.

References

External links

* {{SZSE 100 Index Pig farming Chinese companies established in 1992 Food and drink companies of China Meat companies