Caixin
Caixin Global – Latest China News & Headlines

Home >

ABOUT US

CX Tech is Caixin Global's real-time tech news portal, featuring 24-hour news, short-form analysis, and roundups from business and tech media in China.

LATEST
Trending in China: Jack Ma Sells $8.2 Billion of Alibaba Shares — Good News for Philanthropy or Bad News for Tech Companies?
Didi to March Into 20 New Australian Cities Next Month
Underwater Robotics Maker Sublue Speeds Toward STAR Board Listing with New Funding
Suning.com Predicts Over $20 Million in Losses in First Half of 2020, Says Carrefour China Remains Profitable
Online Travel Leader Trip.com to Issue $500 Million in Convertible Bonds
Trending in China: Was the Driver Who Deliberately Crashed His Bus Killing 21 Evil or a Victim? Netizens Discuss
Foxconn Plans to Invest $1 Billion to Expand iPhone Production at Indian Factory: Reuters
Money-Losing Electric Carmaker Li Auto Files for U.S. IPO
Platform Serving China’s Takeout Delivery Workers Jumps 28% in Nasdaq Debut
SenseTime Builds AI Computing Platform in Shanghai Amid ‘New Infrastructure’ Push
WeRide to Test Fully Autonomous Vehicles in Guangzhou
Trending in China: Why Are Chinese Netizens Saying Kanye West Could be ‘China’s First’ U.S. President?
Trending in China: Will Weibo’s Fight Against Porn Have Other Unintended Side Effects
Tencent Leads $40 Million Investment in Online Art Educator
Alibaba Aims to Facilitate $1.4 Trillion in Sales Annually By 2024
Trending in China: Death of Giant Panda Cubs Sparks Concerns About Treatment of ‘National Treasure’
China CFO of Indian Oyo Quits to ‘Pursue Other Professional Opportunities’
Sequoia Capital Opens Its First Tech Incubation Center in Shanghai
Some 266 Foreign-Invested Firms Approved to Offer Telecom Services in China in First Half of 2020
Trending in China: Should Internet Celebrities Be Part of the School Curriculum?
Swine Fever Continues to Ravage China’s Pork Industry

By Du Caicai and Ren Qiuyu / Jul 30, 2019 12:24 PM / Economy

Photo: VCG

Photo: VCG

Pig stocks are dwindling and pork prices are rising as China grapples with the effects of the African swine fever outbreak that officials say has so far resulted in the culling of more than 1 million pigs.

Li Shuilong, the president of the China Meat Association, estimates from public data that the country’s total pork production may decline by 15% to 20% in 2019 — a drop of 8 to 10 million tons.

Meanwhile, domestic pork prices continue to soar. A June monthly analysis said that “due to a continuous decline in pig stocks, pork supply has decreased and prices have maintained an upward trend.” Prices have continued to rise in July.

In June, the market price of pork rose 3.7% from the previous month and 29.2% year-on-year to 25.62 yuan ($3.72) per kilogram. The price of live pigs also rose 6.4% from the previous month and 40.8% year-on-year to 15.94 yuan per kilogram. And the price of piglets jumped even more, up 4.4% from the previous month and up 65.7% year-on-year to 39.77 yuan per kilogram.

Both the central government and provincial authorities are working to stabilize pork production and supply, according to a recent video conference held by the Ministry for Agricultural and Rural Affairs.

Contact reporter Ren Qiuyu (qiuyuren@caixin.com)

Related: In Depth: How Secrecy and Loopholes Fueled China’s Swine Fever Crisis

Share this article
Open WeChat and scan the QR code