China’s pig disease outbreak pushes up global pork prices
BEIJING (AP) — Hong Kong retiree Lee Wai-man loves pork fresh from the market but eats a lot less now that the price has jumped as China struggles with a deadly swine disease that has sent shockwaves through global meat markets.
China produces and consumes two-thirds of the world’s pork, but output is plunging as Beijing destroys herds and blocks shipments to stop African swine fever. Importers are filling the gap by buying pork as far away as Europe, boosting prices by up to 40% and causing shortages in other markets.
“I’m a fresh-pork lover, but it’s too expensive,” Lee, 87, said as she shopped at a Hong Kong market.
African swine fever doesn’t harm humans but is fatal and spreads quickly among pigs. It was first reported in August in China’s northeast. Since then, 1 million pigs have died and the disease has spread to 31 of China’s 34 provinces, according to the U.N. Food and Agriculture Organization.
The outbreak’s scale is unprecedented, said Dirk Pfeiffer, a veterinary epidemiologist at the City University of Hong Kong.
“This is probably the most complex animal disease we have ever had to deal with,” Pfeiffer said.
China’s shortfall is likely to be so severe it will match Europe’s annual pork output and exceed U.S. production by 30 percent, industry researchers say.
“Everyone wants to import as much pork as possible,” said industry analyst Angela Zhang of IQC Insights. She said the trend is likely to accelerate as Chinese production falls.