China pork prices may rise in 2019 due to swine fever - official
BEIJING, Dec 16 (Reuters) - China's pork prices are likely
to climb in 2019 due to tight supply caused by the further
spread of African swine fever, an official at the National
Development and Reform Commission said in remarks published on
"If the outbreak of African swine fever can't be effectively
controlled or even further spreads after the Chinese New Year,
pork will be in short supply as farmers won’t be willing to
replenish their herds," Lu Yanchun, head of the prices
monitoring centre at the state planner, was quoted as saying by
Chinese financial publication Caixin.
Pork prices might see a big jump in the summer or the second
half of next year, Lu added.
China has reported more than 80 outbreaks of African swine
fever across the country. The highly contagious disease is still
spreading, reaching to the northwestern province of Qinghai last
Reuters reported earlier that China may soon buy pork for
its state reserves to support farmers struggling to sell their
pigs due to the outbreak.
China's consumer prices may rise 2.1-2.2 percent in 2018
while producer prices could rise around 3.5 percent, Lu was
quoted as saying.
Rising pork prices could push up consumer prices in 2019,
while trade frictions with the United States could create
downward pressure on domestic prices, Lu added.
(Reporting by Lusha Zhang and Kevin Yao; Editing by Mark
© 2019 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.