ao link

News

Linked In
RSS
https://twitter.com/Agrimoney
http://www.newsnow.co.uk/h/Industry+Sectors/Agriculture

China June pork imports surge 62.8% from a year earlier

TwitterLinkedineCard

China’s pork imports in June surged from the previous year, customs data showed on Tuesday, as the world’s top consumer of the meat stocked up on supplies after African swine fever has decimated domestic pig herds.

 

China brought in 160,467 tonnes of pork in June, up 62.8% from the same month last year, according to data from the General Administration of Customs. This was down 14% from 187,459 tonnes imported in May.

 

The increase comes as the deadly African swine fever disease spreads across the world’s top pig herd, slashing output and pushing prices of the country’s favorite meat up.

 

China’s pork imports for the first six months of the year came in at 818,703 tonnes, up 26.3% from a year earlier.

 

China’s wholesale pork prices rose rapidly in the first-half of March, triggering large purchases of meat from overseas markets, including the United States. They have been rising rapidly again in recent weeks, with China’s average wholesale pork prices rising 36.4% from a year earlier to 23.76 yuan ($3.45) per kilogramme as of July 19.

 

Retail pork prices have also increased in recent weeks but at a slower pace than wholesale prices, with prices up 34.6% from a year earlier at 27.29 yuan per kg as of July 10.

 

Meanwhile, China’s first-half pork output fell less-than-expected, declining 5.5% to 24.7m tonnes of pork, as it tackled the devastating disease.

 

China’s agriculture ministry is investigating local veterinary authorities in 10 provinces as it tries to slow the ongoing spread of the deadly African swine fever virus.

 

African swine fever kills almost all pigs it infects but does not harm people. There is no vaccine or cure. But many outbreaks go unreported, farmers have told Reuters, with local officials in some provinces unwilling to verify or report the disease.

TwitterLinkedineCard
Related Stories

Evening markets: Grains suffer touch of late-week profit taking

The likes of corn and wheat trade lower in closing deals of a positive week. But the vegetable oil complex, and canola, stay strong

Failed hold-outs may foster dairy price gains at next week's GDT auction

Futures prices suggest modest gains in the offing at Tuesday’s GlobalDairyTrade auction - for whole milk powder, at least

Microsoft mogul makes a mint out of betting the farm

Prices of US farmland, of which Bill Gates is the biggest owner, are rising at their quickest since 2012

Weekly grain and oilseeds market view from Europe, April 16

UK wheat import needs to extend into early 2021-22... Cold European temperatures... "Rapeseed prices may be firm for a while"...
Home | About | RSS | Commodities | Companies | Markets | Legal disclaimer | Privacy policy | Contact

Our Brands: Comtell | Feedinfo | FGInsight

© Agrimoney.com 2021

Agrimoney.com and Agrimoney are trademarks of Agrimoney Ltd
Agrimoney is part of AgriBriefing Ltd
Agrimoney Ltd is registered in England & Wales. Registered number: 09239069