China’s unprecedented pig crisis to impact entire world, expert warns

China’s unprecedented pig crisis to impact entire world, expert warns


Commodities economist predicts African swine fever will trigger an escalation in meat prices across the globe

In almost 40 years of analysing commodity markets, Arlan Suderman says he has never witnessed an industry-jolting event as dramatic as the contagion spreading across China’s pig farms.

The commodities economist has been warning clients about the impact of African swine fever, which he says is not only under-reported but will spur a restructure of China’s entire farm industry and trigger an escalation in meat prices globally.

Most react in disbelief, Mr Suderman said, but the situation is likely to worsen before it gets better.

full story – Independent

Alfred Cang, Anna Kitanaka, Niu Shuping