China’s Latest Battle With African Swine Fever to Push Up Pork Prices

(Bloomberg) — China is battling a resurgence of African swine fever, the deadly disease that’s previously wiped out almost half of its hogs, potentially pushing up prices for the country’s most popular meat. 

Fresh outbreaks have been reported in various parts of China over winter. The disease is highly contagious and can result in massive losses in pig populations with drastic economic consequences. Rabobank Group expects the latest wave to reduce production capacity and push up pork prices in the second quarter.