Special Edition: Asian Feed Trends
Financial woes
April saw Chinese feed producer, New Hope Liuhe, report a decline in its net profits for its first quarter. Revenue improved, but net profit dropped.
No specific explanation for the dip was provided, but there have been challenges reported in the pork business and prices were below average production cost.
However, in Vietnam, CP Foods has seen some improvement in prices for pork products. The company had reported price challenges in February, but indicated that the trouble was easing.