Swine fever epidemic may slash China's pig herd by half
By Hallie Gu and Shivani Singh - Jul 30th, 10:52
China’s pig herd could halve by the end of 2019 from a year earlier as an epidemic of African swine fever sweeps through the world’s top pork producer, analysts at Dutch bank Rabobank forecast.
The bank said China’s herd, by far the world’s biggest, was already estimated to have shrunk by 40% from a year ago, well above official estimates which have ranged from 15%-26%.
The forecast comes amid industry speculation that the decline has been much worse than confirmed by agriculture officials, who in July launched an investigation of local authorities’ efforts to contain the disease.
Rabobank said China’s pork production in 2019 was expected to fall by 25% from the previous year, a smaller drop than pig herd loss due to the large number of animals slaughtered in the first half of 2019.
Output of pork, China’s favourite meat, was likely to drop by a further 10%-15% in 2020, it said in a report.
Production may take more than five years to recover to levels prior to the deadly outbreaks as challenges including a lack of solutions to prevent the disease and a lack of capital will restrict restocking, it added.
Reuters reported earlier in July that as many as half of China’s breeding pigs have either died from African swine fever or been slaughtered because of the spreading disease.
Rabobank, which late in 2018 estimated China’s pig herd at 360-million animals, said in April that up to 200-million pigs could be culled or die due to the disease, while pork output could fall by 30%.
Chinese spending hits record high on Singles' Day
13/11/2019 - 13:53
Chinese consumers spent a record amount on Alibaba platforms on Monday during the annual “Singles’ Day” buying spree, the world’s biggest 24-hour shopping event, which was launched with a glitzy show by US singer Taylor Swift.
How a US-China trade deal could benefit SA
11/11/2019 - 09:53
Africa is poised to become the “land of opportunity” for bond and equity investors should the US and China strike a trade deal, Bank of America (BofA) says.
Shoemaker Vans treads wearily as China fumes over Hong Kong
09/10/2019 - 13:20
US sports brand Vans has removed “a small number” of submissions in a sneaker design competition including one apparently giving a shout out to Hong Kong’s pro-democracy protests, as companies weigh the risks of angering China.
Digital footprint helps farmers step into future
22/09/2019 - 09:59
The potential to increase Africa’s agricultural yields through the strategic use of data could place the continents’ farmers at the heart of tomorrow’s global economy.
Alibaba set for new era as flamboyant Jack Ma departs
11/09/2019 - 09:33
Alibaba chair Jack Ma has stepped down from the Chinese group, leaving his handpicked successor a daunting task of steering the $460bn juggernaut at a time when the market for its core e-commerce business has slowed sharply.