World prices for pork rose of ASF in China

2019-03-26 12:23:47
Machine translation
World prices for pork rose of ASF in China

According to the Ministry of agriculture of China, in the result, spread across the country Achs in February of 2019, the number of pigs in farms of the country in comparison with February of 2018 decreased by 16.6%, while the number of directly sows decreased by 19.1%. As to curb or at least localize the ASF is not possible, then the number of livestock will continue to decline.

 

According to the world organization for animal health, August 2018 in 28 provinces and regions of China 117 was recorded outbreaks of ASF, which later spread to Mongolia and Vietnam.

 

a reduction in the number of pigs in China has led to a sharp increase in demand for pork. Importers panic buying allowed for the importation of pork from different countries, in particular Brazil and the United States. Last week China bought 50% of exports from the U.S. amount of pork.

 

As of March 7, the weekly pork imports to China stood at 23.8 million tonnes, the highest level since April of 2017 and the third largest jump in prices in 2013.

 

Since the beginning of March on the stock exchange in Chicago the price of pork increased by 27%, making it a leader in the growth of value among agricultural commodities.

 

in the Summer of 2014 futures for pork reached a record 1,338 $/lb after as porcine epidemic diarrhea has reduced the animal population in the USA at 8 million head.

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