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QINGDAO TODAY
在線翻譯:
szdaily -> Business -> 
Pork prices to jump 70% in second half: official
    2019-04-18  08:53    Shenzhen Daily

PORK prices are expected to jump more than 70 percent from the previous year in the second half of 2019, an agriculture ministry official said yesterday.

The rise will take pork prices to record high levels and profits from pig farming will continue to grow, Tang Ke, director of the market and information department at the Ministry of Agriculture and Rural Affairs, told reporters, citing experts.

Prices will rise as the number of pigs sent to slaughterhouse is set to fall further, while demand will rise during holidays in the second half of this year, Tang said.

China, which accounts for about half of global pork output, is trying to contain an outbreak of African swine fever.

China’s pork production fell 5.2 percent in the first three months of 2019 from a year earlier to 14.63 million tons, official data showed yesterday.

Output fell as the herd, the world’s largest, declined by 10.1 percent to 375.25 million head, the National Bureau of Statistics said. The number of slaughtered hogs fell 5.1 percent to 188.42 million head.

China could see its production of the country’s most popular meat fall by around 30 percent this year because of African swine fever, analysts said last week.

The virus, which is deadly in pigs but harmless for humans, has spread through China since the first outbreak was reported last August.

The Ministry of Agriculture and Rural Affairs said last week that China’s sow herd dropped 21 percent in March from the same period a year earlier.

Up to 200 million pigs could be culled or die from being infected by the disease this year, Rabobank has estimated, triggering a surge in imports of pork and other meats.

Wholesale pork prices are about 20 percent higher this month than a year ago at around 20.3 yuan (US$3.03) per kg, according to weekly data published by the Ministry of Agriculture and Rural Affairs.

Higher pork prices pushed March consumer inflation to its highest since October 2018, data showed last week.

The statistics bureau data also showed total output of meat, including beef, lamb and poultry, fell 2.8 percent in the quarter to 22.52 million tons. (SD-Agencies)

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