Swine fever sending pork prices higher - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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Swine fever sending pork prices higher

Despite the measures, African Swine Fever continued to spread, eventually hitting China's major pig farming area in Sichuan provinceare 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 2018 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. Chinese officials have said hundreds of thousands of pigs were culled in a bid to stop its spread, an effort that has also seen restrictions placed on moving pigs from affected areas.

It has continued to spread further, approaching the border with Laos in the south of the country and to the tropical island of Hainan, according to a map produced by the FAO. “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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