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Source: Evelyn Cheng, CNBC, 9/12/21
Massive swings in pork prices in the last two years are roiling China’s hog farm industry. To capitalize on a doubling in prices in 2019, the five largest pork producers sought to expand quickly and increased their gross debt by nearly threefold over 2.5 years, S&P Global Ratings said in a report Wednesday.
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