Pork prices rose only 2.1 per cent in the first week of March from a year earlier, but in the first week of April, prices increased by 36 per cent. Photo: Bloomberg

China’s African swine fever crisis ‘very serious’ with stocks falling and pork prices set to hit all-time high

  • China has culled 1.02 million pigs since August, with a total of 129 cases discovered, according to the Ministry of Agriculture and Rural Affairs
  • But industry insiders say the real situation could be much worse, with one report suggesting China could lose 200 million pigs during the epidemic
Topic |   China economy

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Pork prices rose only 2.1 per cent in the first week of March from a year earlier, but in the first week of April, prices increased by 36 per cent. Photo: Bloomberg
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Yujing Liu

Yujing Liu

Yujing Liu is a business reporter with a passion for understanding and explaining the fascinating complexities of China’s economy and society. Originally from Beijing, she joined the Post in 2017 after graduating from the University of Hong Kong with a degree in politics and journalism.

Orange Wang

Orange Wang

Orange Wang covers the Chinese macroeconomy, and has many years of experience with China's monetary and fiscal policy moves. He also covered global market and financial news for a long time, with a particular focus on new technologies and their influences on economic growth and society. Before joining the South China Morning Post, Orange worked as a Shanghai Correspondent for ET Net, a Hong Kong financial news agency.