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New outbreaks of swine disease in China raise doubts about recovery

(Bloomberg) – China’s Agriculture Ministry is touting a full recovery in pig numbers after the ravages of African swine fever by mid-year. New outbreaks of viruses and other deadly pig diseases could pose risks to this outlook A resurgence of swine fever cases in colder northern provinces has prompted farmers to slaughter more of their breeding sows before the New Year lunar, said Lin Guofa, senior analyst at consultancy firm Bric Agriculture Group. Pork is China’s favorite meat and its consumption is usually booming during the holiday season. “The recovery of pig herds in some areas may be delayed, especially in Shandong and parts of Henan and Hebei,” he said. This means that up to 15% of the national pig herd may have been lost to disease during the winter. and its full rehabilitation to pre-porcine levels is more likely by the second half of 2022. said Wang Zhong, chief consultant at Systematic, Strategic & Soft Consulting Co. The outbreaks have included new variants of swine fever that have emerged. Proven Less Easy Stabilizing the pig population and reducing market volatility have been a priority for policymakers since swine fever hit China’s largest pig herd in 2018. It doesn’t There is no officially sanctioned vaccine and the epidemic has caused the number of pigs to nearly half, which has caused pork imports and prices to soar. Global agricultural markets have been further tormented in recent months by the government’s willingness to provide a rapid recovery in numbers, wh This resulted in massive feed grain shortages and emptied silos all the way to North America. China’s pig population had returned to 90 percent of normal levels by the end of November, according to the agriculture ministry. The ministry did not respond to a fax seeking comment on its latest forecast. Efforts to speed up the release of imported meat held in ports and cold stores, estimated at around 1 million tonnes, are expected to help contain pork prices, Bric’s Lin said. Live pork futures on the Dalian Commodity Exchange, meanwhile, hit their highest closing level Monday since the contract began last month. For more articles like this, please visit us. visit bloomberg.com Subscribe now to stay ahead with the most trusted source of business information. 2021 Bloomberg LP



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