Originally Posted by
Mike Cutler
Phil
I don't claim to understand it fully,but the general gist was that they were buying control of the production, and not competing for an import contract. If they were to import in the amounts they stated,they would end up driving the prices up on themselves over time.
Apparently they expect their domestic pork consumption to increase by billions of pounds in the next decade.They are the largest individual consumers of pork in the world.
Never having raised a pig, I can only assume that it was more financially advantageous to purchase an already established production stream,than start one from scratch in China?