Rusagro Group will invest $ 5 billion in a pig breeding and feed processing project in East China, the Global Times (China) reports. The project will be implemented in a large industrial center in Qingdao (Shandong Province) on an area of 1,000 hectares and will become the most powerful agricultural investment project in China with foreign capital over the past five years.
The Russian company intends to represent on the Chinese market not only pork, but also its feed crops - corn and soybeans, Ma Wenfeng (senior analyst at Beijing Orient Agribusiness Consultants) said. Their prime cost will allow Rusagro to compete on an equal footing with the United States and even outperform competitors at the expense of profitable logistics solutions. The design capacity of the pig-breeding enterprise Rusagro Qingdao is 3,000,000 tons per year. The annual output of a feed mill with a warehouse will be 1,000,000 tons per year.
Source: meat-expert.ru.
