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China: Average Market Price and Major Feed Raw Materials 36.0 36.5 40 31.8 31.4 32.1 20 19.9 14.9 15.8 14.6 Swine (RMB/kg) 0 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q2 1 4Q21 1Q22 4 2.9 3.0 3.0 2.9 2.9 2.6 2.4 2.1 2.2 2 0 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 6 נט 4.1 3.9 3.7 3.8 3.8 3.3 3.3 3.3 3.4 4 2 0 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 Source: The Ministry of Agriculture of PRC RMB 1 THB 5.14 Corn (RMB/kg) Soybean Meal (RMB/kg) P.36

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