China's pig herd falls 38.7 per cent in August vs year ago

 

The Business Times (Singapore) 

Sep 16, 2019

 

[BEIJING] China's pig herd fell by 38.7 per cent in August versus a year ago, according to data published by China's Ministry of Agriculture and Rural Affairs last week, marking another record drop as the impact of a year-long epidemic continues to emerge.

 

The country's sow herd declined by 37.4 per cent versus a year ago, said the ministry.

 

The huge drop, larger than the prior month's 32.3 per cent fall, comes after African swine fever, a deadly and incurable disease, spread to every province of the world's top pork producer.

 

Pork prices are soaring as a result of the shrinking of the herd, with retail prices hitting a record 40.5 yuan (S$7.9) per kg by Sept. 4, according to agriculture ministry data, a 78 per cent jump compared with the same time a year ago.

 

That has driven the country's food price index to the highest since January 2012, with surging pork prices spilling over into other proteins.

 

Beijing has rolled out a series of policies...

 

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