Decreasing costs of feed ingredients accounted for gross profit margin increase
With the weak performance of livestock farming, significant decline of the number of hogs and decreasing demand for animal feed, the operating revenues of China’s animal feed sector in the first three quarters of 2015 totaled to US$19.39 billion, down three percent year on year. Meanwhile, the gross profit margin of the same period was 11 percent, up 1.64 percent year on year.
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