CP’s Feed Sales in China Reached 6.91 Million MT, up 14% Year on Year

By CnAgri2018-03-22 13:52:43 Print CP Group’s revenues were 5.638 billion US dollars in 2017, up 6.8% year on year. Of which feed sales in China recorded 6.91 million MT, up 14% year on year; the revenues exceeded 3.2 billion US dollars, accounting for 88% of the revenues of farming business in China. Of which the revenues of pig feed, poultry feed and aqua feed made up 53%, 28% and 9% respectively.    
          
However, due to a slight increase in material prices, the gross profit rate was down to 15.5% from 17.8% in 2016.