Some of the biggest agricultural companies have turned the ongoing swine flu epidemic crisis sweeping across China and Southeast Asia into an opportunity by diversifying products, while smaller players have fallen by the wayside, said the South China Morning Post.
While Hong Kong-listed CP Pokphand’s swine feed sales in China fell 2.6% year-on-year in the first half because of a decline in the hog population, it cranked up production of its poultry and aqua feed, with sales growing 4.2% and 3.3% respectively. It has since grown into one of the top five feed producers in China by sales, and a major livestock breeding and meat processor.
“Given the swine fever outbreak, [we] foresee a continued rise in demand for poultry in the next few years, especially for chicken paws and wings,” said a spokesperson at parent CP Foods, which has operations in 16 nations and exports to over 30 countries.
“As one of the world’s leading poultry as well as pork producers, CP Food is equipped with the resources and networks, not restricted to only the Thai operations but facilities in other countries, to manage a demand surge effectively.”