fbpx

Pig disease outbreak in China pushes up global pork prices

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.

Read more from The Associated Press

Business Journal Events

Diversity and Inclusion Summit

Wednesday, September 16, 2020
Diversity and Inclusion Summit

The Future of Higher Ed Summit

Tuesday, September 29, 2020
The Future of Higher Ed Summit

Reader Rankings Awards

Wednesday, October 07, 2020
Reader Rankings Awards

2020 Fastest Growing Companies Awards

Wednesday, October 14, 2020
2020 Fastest Growing Companies Awards