China is about to embark on a multi-billion dollar project to almost double Argentina’s pork production over the next 4 years.
That was shared recently by Argentina’s Ministry of Foreign Affairs, International Trade and Worship. The Latin American country is about to receive almost US$ 3.8 billion of investments.
The agreement, which is set to be closed shortly, aims to add 300,000 sows to Argentina’s herd, which will mean an almost doubling of the commercial meat production. It would generate exports for US$ 2,500 annually. In the 1st year, 60,000 sows will be added and in the 3 following years, another 80,000 will follow.
ASF reducing pork supplies in China
There is a strong Chinese interest to invest in Argentina’s pork sector, as the country is looking for ways to rebuild its meat stocks after the drastic cut of their supply due to African Swine Fever. The Foreign Ministry’s report stated that the project “is adapted to comply with environmental requirements and guarantees regarding sanitary status inside establishments.”
The proposal includes the development of 25 integrated units of 12,000 sows each, which will require an investment of US$ 151 million for each. It includes balanced feed manufacturing plants, biodigesters (generation of energy and bio-fertiliser), full cycle breeding, export-licensed slaughterhouses, processing without the use of an effluent lake as well as customs offices.
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