China is the epicenter for this crisis, and CNN is reporting that the Chinese herd has “shrunk by around 130 million” since this epidemic first began last year…
The damage that African swine fever has wrecked on China’s pig population is hard to overstate. The country is home to half of all the pigs on the planet, and its herd has shrunk by around 130 million since the outbreak began about 13 months ago, according to a CNN Business analysis of data from the Chinese agricultural ministry. Many farmers are reluctant to restock pigs after they are slaughtered, fearing they’ll catch the disease.
To put that in perspective, there are only about 70 million pigs in the United States.
Yes, that number is for the entire country.
So the damage that has already been done in China is beyond cataclysmic, and this crisis is very far from over.
And according to the Washington Post, the losses in China are even higher than what CNN is reporting. If you can believe it, the Post says that “as many as half of China’s pigs” have already died…
As many as half of China’s pigs, an estimated 300 million, have died of the virus or been exterminated since the disease took hold 13 months ago.
Of course the virus continues to sweep through China like wildfire, and at this point Rabobank is projecting that up to 70 percent of China’s pigs could eventually end up dead.
And considering the fact that about half of all the pigs in the entire world are in China, that is a very sobering thing to hear.
Needless to say, this crisis has been dramatically driving up the price of pork. According to CNN, the price of pork in China is now nearly 70 percent higher than it was at this time last year…
African swine fever has ravaged China’s pig population, and the country’s consumers are feeling the pain. Some are even switching to other meats as the dietary staple becomes unaffordable.
Pork in China now costs nearly 70% more than it did a year ago, according to data released Tuesday by China’s National Bureau of Statistics.
For the average Chinese citizen, this is a really big deal, because pork accounts for about 70 percent of their total meat consumption.
So to keep their population fed, China has started to import massive quantities of pork and beef from the rest of the world…
More at: https://www.zerohedge.com/health/glo...pigs-wiped-out
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