Thai conglomerate Charoen Pokphand’s (CP) Chinese business is investing CNY3.6 billion ($531m) in a site intended to process one million pigs annually in one of the country’s less populated regions.
A glut of local and imported supply has caused Chinese lamb prices to fall this year, with the current retail price of RMB50/kg, down 10.7% year-on-year according to pricing data from China’s Ministry of Agriculture.
Inner Mongolia Kerchin Cattle Industry Co has opened the first in what it promises is a new line of Western-style butchers’ shops selling chilled meat.
