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Bloomberg

China’s pork crisis, which has sent prices soaring, has still produced some big winners.
Chief among them is Qin Yinglin.
The chairman of Muyuan Foodstuff has seen his net worth more than quadruple this year to US$8.6 billion.
This makes his the fastest-growing fortune on the Bloomberg Billionaires Index, which features the world’s 500 richest people.
Wholesale pork prices have more than doubled this year, according to data from China’s Ministry of Commerce, fuelling the highest annual consumer inflation rate in seven years as an epidemic of African swine fever led to the deaths of millions of pigs.

Muyuan’s profits surged 260 per cent in the third quarter from the same period in 2018, driven primarily by higher pork prices.
The company and other large producers probably gained market share as smaller firms were forced out of business amid heavy losses, according to Fitch Ratings.
“Some companies are very much in difficulty because they are unable to reproduce their hog herd,” said Fitch analyst Li Chen. “But some companies are seeing great profitability.”
China’s ‘mutant pigs’ could halt pork crisis
Qin isn’t the only one to cash in on the crisis. Other winners include Hong Kong-listed WH Group, the world’s biggest pork producer, and New Hope Group, a pig breeder and animal-feed maker.
New Hope chairman Liu Yonghao now has a net worth of US$11 billion, almost double last year’s total.
Most of Qin’s wealth is derived from a 60 per cent stake in Muyuan. He holds the shares directly and with his wife through Muyuan Industrial Group, according to the company’s third-quarter filing.
Qin, a native of Henan province, was born in 1965 and graduated from Henan Agricultural University with a degree in animal husbandry, according to his company’s website.

He was sent to a state-owned enterprise after graduation but quit three years later to launch a hog-breeding business in his hometown of Nanyang. He started with just 22 pigs and now his company slaughters about 5 million a year.
The company had been disinfecting trucks, sterilising animal feed with heat and filtering the air in farms to prevent the spread of African swine fever, Qin told the South China Morning Post in March.
The disease, for which there is no approved vaccine, can be fatal for pigs but does not affect human health.
“Swine fever brings both benefit and harm,” Qin said in the interview. “We need to ride this violent hurricane out and turn it into a superb opportunity for our development.”


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African swine fever

Chinese pig farming kings thrive as African swine fever sends prices soaring

Swine fever has devastated herds and pushed up food prices. Photo: Reuters

Liu Yonghao talks to the media. Four private entrepreneurs, Xiaomi founder and CEO Lei Jun, New Hope Group Chairman Liu Yonghao, Chint Group Chairman Nan Cunhui, and Hodo Group Chairman Zhou Haijiang met the media and talked on the issues of reform and opening up and the development of private economy at a press conference held by State Council Information Office in Beijing on Nov. 21, 2018. 21NOV18 SCMP/ Simon Song

=== PHOTO CAPTURED FROM WEIBO === Image of Qin Yinglin. WEIBO

Chinese criminal gangs spreading African swine fever to force farmers to sell pigs cheaply so they can profit

The swine fever epidemic has cut the country’s herds by more than 40 per cent. Photo: AFP

FILE PHOTO: Pork for sale at Sanyuanli market in Beijing, China May 23, 2019. REUTERS/Jason Lee/File Photo

China’s ‘heartbroken’ pig farmers torn apart by pork price spike and African swine fever

Pork is a staple meat of the Chinese diet, meaning a low supply could damage China's social stability. Photo: Reuters

Pork is a staple meat of the Chinese diet, meaning a low supply could damage China's social stability. Photo: EPA

China’s ‘mutant pigs’ could halt  pork crisis as DNA researchers fight to tackle African swine fever outbreak

There is currently no cure for African swine fever, which has devastated China’s domestic herds and caused a 70 per cent rise in pork prices due to the resulting shortages. Photo: Reuters

The world's first clone of an adult animal, Dolly the sheep, bleats at photographers during a photocall at the Roslin Institue in Edinburgh January 4, 2002. Dolly created by Dr Ian Wilmut and his team of genetic scientists at the Roslin Institute in Edinburgh in 1996 has arthritis in her left hind leg at the hip and the knee.

***FOR ONE TIME USE ONLY*** Lan Wu, embryologist at Clone International which has won the rights to commercially exploit cloning technology, demonstrates the procedures at the company's Weribbee headquarters near Melbourne in this August 9, 2001 picture. The Australian cloning company aims to export copies of top Australian cattle worldwide and to run off local copies of elite animals from Britain and elsewhere to guard against gene destruction because of foot and mouth disease. Backed by a group of entrepreneurial scientists, Clone International has bought an exclusive licence in Australia and New Zealand for the technology which produced the world's first cloned animal, Dolly the sheep, in Scotland five years ago. AUSTRALIA OUT NO ARCHIVE NO ONLINES NO SALES REUTERS/The Australian/Graham Crouch REUTERS

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Qin Yinglin from Muyuan Foodstuff enjoys fastest growing fortune on Bloomberg Billionaire’s Index as net worth quadruples to US$8.6bn
The deadly epidemic has sent pork prices soaring and pushed out smaller competitors, increasing profits for the big players



Qin Yinglin from Muyuan Foodstuff enjoys fastest growing fortune on Bloomberg Billionaire’s Index as net worth quadruples to US$8.6bn.


Chinese pig farming kings thrive as African swine fever sends prices soaring

Qin Yinglin from Muyuan Foodstuff enjoys fastest growing fortune on Bloomberg Billionaire’s Index as net worth quadruples to US$8.6bn The deadly epidemic has sent pork prices soaring and pushed out smaller competitors, increasing profits for the big players

Qin Yinglin from Muyuan Foodstuff enjoys fastest growing fortune on Bloomberg Billionaire’s Index as net worth quadruples to US$8.6bn

The deadly epidemic has sent pork prices soaring and pushed out smaller competitors, increasing profits for the big players