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African swine fever was first detected in China in August 2018, near its border with Russia, eventually spread to all 31 mainland provinces, municipalities and autonomous regions in less than nine months. This led to a mass culling of livestock that surpassed 100 million pigs and a significant jump in the price of pork, close to a 50 per cent increase in some cases. The trade war with the United States limited replacement options from the American agriculture industry due to higher tariffs. In 2018, China consumed about half of the world’s pork but more than 95 per cent was sourced from domestic supplies.
- Surging pork prices pushed China’s consumer price index to a nearly eight year high, making the central bank reluctant to act even as the economy slows further
- China is also not giving up its deleveraging programme to reduce debt and risky lending, limiting funding to consumers and small businesses
Impact of African swine fever on pork prices pushes consumer price index to highest level in nearly eight years.
Impact of African swine fever on pork prices pushes consumer price index to highest level in nearly eight years.
Swine fever has swept through the country, destroying pig herds and raising the price of the staple meat, raising concern among the leadership.
Swine fever has swept through the country, destroying pig herds and raising the price of the staple meat, raising concern among the leadership.
Green Common, the Hong Kong-based provider and retailer of meatless meat products, is hoping to capitalise on depleting inventories and rising prices of pork in mainland China with the launch of a Tmall store.
Green Common, the Hong Kong-based provider and retailer of meatless meat products, is hoping to capitalise on depleting inventories and rising prices of pork in mainland China with the launch of a Tmall store.
Shipments were blocked amid escalating diplomatic feud after Huawei CFO Meng Wanzhou was arrested in Vancouver on US warrant.
Shipments were blocked amid escalating diplomatic feud after Huawei CFO Meng Wanzhou was arrested in Vancouver on US warrant.
China aiming to buy at least US$20 billion of agricultural products in a year if it signs partial trade deal with the US.
China aiming to buy at least US$20 billion of agricultural products in a year if it signs partial trade deal with the US.
Restaurants and online shopping platforms in China are increasingly offering plant-based meat dishes and products including the national favourite pork.
Restaurants and online shopping platforms in China are increasingly offering plant-based meat dishes and products including the national favourite pork.
Case in Foshan, Guangdong province, the latest in an outbreak of reports about people stealing the staple meat.
Case in Foshan, Guangdong province, the latest in an outbreak of reports about people stealing the staple meat.
Hog producers started building up their herds in anticipation of more demand for meat imports from China, where African swine fever has killed millions of pigs.
Hog producers started building up their herds in anticipation of more demand for meat imports from China, where African swine fever has killed millions of pigs.
Consumers have faced rising prices and shortages after disease wiped out more than 40 per cent of domestic pig herds.
Consumers have faced rising prices and shortages after disease wiped out more than 40 per cent of domestic pig herds.
Breeders adopt ‘bigger is better’ philosophy in response to a pork shortage caused by the country’s hog herd being decimated by the African swine fever epidemic.
Breeders adopt ‘bigger is better’ philosophy in response to a pork shortage caused by the country’s hog herd being decimated by the African swine fever epidemic.
Imports of pork rose 76 per cent in August in terms of volume and surged 150 per cent last month in terms of value.
Imports of pork rose 76 per cent in August in terms of volume and surged 150 per cent last month in terms of value.
Quarantine inspections of shipments and passenger luggage to be strengthened, and any illegally imported hogs will be destroyed, customs agency says.
Quarantine inspections of shipments and passenger luggage to be strengthened, and any illegally imported hogs will be destroyed, customs agency says.
Start-up Green Monday expects about 15,000 restaurants and retailers across Asia will serve or sell its Omnipork product by the end of this year.
Start-up Green Monday expects about 15,000 restaurants and retailers across Asia will serve or sell its Omnipork product by the end of this year.
Removal of speed limits expected to increase production by 12.5 per cent, but critics fear changes will affect both food and worker safety.
Removal of speed limits expected to increase production by 12.5 per cent, but critics fear changes will affect both food and worker safety.
Fitch says there is a growing trend among Chinese animal feed and protein producers to diversify their product mix and extend their value chain as they look to ride out the swine fever epidemic.
Fitch says there is a growing trend among Chinese animal feed and protein producers to diversify their product mix and extend their value chain as they look to ride out the swine fever epidemic.
Expensive pork, which makes up two-thirds of the annual meat consumption for the average non-Muslim Chinese household by one estimate, is forcing consumers to make hard choices: pay more, or eat less of the meat.
Expensive pork, which makes up two-thirds of the annual meat consumption for the average non-Muslim Chinese household by one estimate, is forcing consumers to make hard choices: pay more, or eat less of the meat.
African swine fever has already contributed to China losing more than 100 million pigs over the last year, resulting in pork prices rising 46.7 per cent in August.
African swine fever has already contributed to China losing more than 100 million pigs over the last year, resulting in pork prices rising 46.7 per cent in August.
Agriculture ministry says long-term goal is achievable despite the loss of a third of domestic livestock owing to impact of disease.
Agriculture ministry says long-term goal is achievable despite the loss of a third of domestic livestock owing to impact of disease.
Authorities look for new sources of meat after the disease ravages domestic herds and pushes prices to a record level.
Authorities look for new sources of meat after the disease ravages domestic herds and pushes prices to a record level.
Agriculture ministry says no clinical trials have been approved for any pilot vaccines and urges farmers to focus on prevention measures.
Agriculture ministry says no clinical trials have been approved for any pilot vaccines and urges farmers to focus on prevention measures.
Beijing green light to higher subsidies for consumers and farmers as the disease continues to ravage livestock.
Beijing green light to higher subsidies for consumers and farmers as the disease continues to ravage livestock.
The Chicago-based biotech start-up says its alternative protein product can help fill the supply gap caused by deadly porcine virus outbreak in China.
The Chicago-based biotech start-up says its alternative protein product can help fill the supply gap caused by deadly porcine virus outbreak in China.
Rabobank forecasts that prices will surpass the previous record seen in 2016 in the fourth quarter, hitting 30 yuan (US$4.36) per kilogram, after over 1 million pigs were culled.
Rabobank forecasts that prices will surpass the previous record seen in 2016 in the fourth quarter, hitting 30 yuan (US$4.36) per kilogram, after over 1 million pigs were culled.
Three trucks carrying a total of 205 pigs were stopped, with 22 of the pigs having died.
Three trucks carrying a total of 205 pigs were stopped, with 22 of the pigs having died.
China’s pork production will fall by 30 per cent, or about 16 million tonnes, say Rabobank’s analysts, pushing prices to records and leaving a gaping hole in the country’s protein supply
China’s pork production will fall by 30 per cent, or about 16 million tonnes, say Rabobank’s analysts, pushing prices to records and leaving a gaping hole in the country’s protein supply
Inflation rate at 3.3 per cent in June, the highest since August 2016. Economist brushes off fears, saying ‘It’s just that we’re used to a low inflation rate’.
Inflation rate at 3.3 per cent in June, the highest since August 2016. Economist brushes off fears, saying ‘It’s just that we’re used to a low inflation rate’.
From farm to market, Chinese pork industry tightens up on biosecurity, with boom in sales of cleaning products and disinfectants.
From farm to market, Chinese pork industry tightens up on biosecurity, with boom in sales of cleaning products and disinfectants.
Statistics bureau says 24.7 million tonnes were produced in first half of 2019, a drop of 5.5 per cent on same period last year.
Statistics bureau says 24.7 million tonnes were produced in first half of 2019, a drop of 5.5 per cent on same period last year.
It could be as long as a decade before China recovers from its outbreak of the deadly pig disease that is decimating hog herds, according to Cargill.
It could be as long as a decade before China recovers from its outbreak of the deadly pig disease that is decimating hog herds, according to Cargill.
Don’t blame China alone as it is everybody’s job to show restraint to kick their craving for meat.
Firms trying to break into the market have to be aware that alternatives are far from new; mock meat has been part of the culinary tradition for 1,400 years