China Swine Fever outbreak sending pork prices higher

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Pork prices have begun to soar, rising by up to 50% both in China and on the Chicago futures exchange.

File: African swine fever is not harmful to humans but causes haemorrhagic fever in domesticated pigs.PARIS - In a cruel irony in the Chinese Year of the Pig, outbreaks of African Swine Fever are forcing huge culls that could send pork prices to levels never seen before.

In France and Germany, pork prices have"risen by 30% since the start of year due to China," said Jean-Paul Simier, an agricultural market analyst at French bank Credit Agricole who authored the meat section of the latest Cyclope annual report.Home to nearly half of the world's pigs, China is both the world's largest consumer and producer of pork, which is a staple of its cuisine.

Despite the measures, African Swine Fever continued to spread, eventually hitting China's major pig farming area in Sichuan province.Cyclope said that since the start of the year 20 Chinese provinces have been hit, leading authorities to cull one million pigs, and removing them from the food chain. "China is the decisive market for pork, you need to understand that 700 million pigs live in China, compared to 20 million in France for example," he said.

 

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Ah Parliament back in session!

chinese year of the pig

Thandi regrets losing all her pigs now 🤷🏾‍♀️

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