China encourages companies to raise pigs overseas
BEIJING (Reuters) – China said on Monday that it is encouraging companies to build pig farms overseas to plug a severe domestic pork shortage after a worse-than-ever African swine fever slashed almost half of its pig herd.
China has urged local authorities to support qualified domestic firms to “go out,” and build hog farming bases in countries where pig products are eligible to be exported back to China, according to a joint statement issued by the country’s state planner and agriculture ministry.
Beijing has been taking various measures to boost pig production and increase pork supplies, after the deadly African swine fever significantly cut output and pushed prices of the country’s favorite meat to record high levels.
The latest official document, from the top economic planning body and agriculture authority, highlights Beijing’s concern as soaring pork prices pushed consumer inflation to its highest levels in years, and an unprecedented coronavirus disease further disrupted logistics and hindered pig production.
“Top government documents in the past usually stopped at trade, talking about buying either grains or pork from abroad, but never involved raising pigs overseas,” said an executive with a major pig producer.
The pig farms should be built in countries with stable bilateral trade relations with China, and are African swine fever-free, according to the top government document, issued by National Development and Reform Commision and Ministry of Agriculture and Rural Affairs.
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