China pork prices could rise 70 per cent this year, with millions of animals facing cull

China pork prices could rise 70 per cent this year, with millions of animals facing cull


Pork prices in mainland China may rise by more than 70 per cent year on year to record levels in the second half of 2019 following a drop in hog supplies, Tang Ke, a department director at China’s ministry of agriculture and rural affairs, said.

Chinese farmers have had to cull their pig populations to combat an outbreak of African Swine Fever that began in August last year.

Meanwhile, the share prices of large meat processors in the country have risen thanks to optimism that higher prices will boost their bottom lines, according to Bloomberg analysis.

full story – South China Morning Post

Ryan Swift