China’s swine fever lockdown reshapes $300 billion pig industry
Story Date: 4/28/2021

 

Source: YAHOO FINANCE, 4/26/21


China’s plan to control the transport of live hogs to rein in the spread of African swine fever is set to reshape the market and create regional price differences in the world’s biggest consumer and producer of pork. The country will be split into five regions from May, the agriculture ministry said last week, and live pigs will not be allowed across the boundaries. The move will push down pork prices in the main producing areas in the north and increase the cost of the popular protein in demand centers in the south. If the controls stay in place over the longer term, companies will be forced to open more pig farms closer to where their customers are.

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