ASF continues to plague China while Vietnam remains on high alert after discovering the virus on three farms this week. Vietnamese authorities are raising the question of how ASF is spreading to such remote locations.
China’s COFCO Meat Holdings Ltd said on Wednesday that profit more than halved in 2017 as Chinese hog prices slumped, but that it would speed up expansion of its pig production by moving into contract farming.
China’s pork output rose 2.1 percent to 15.4 million tonnes in the first quarter compared with the period during the prior year, after farmers rushed to slaughter their pigs amid a rapid decline in prices.
Fear of African swine fever (ASF) is on the rise in China and beyond. Major Chinese animal feed maker Tangrenshen Group reported Sunday that feed produced by one of its units had been contaminated with ASF.
One of China’s biggest pig breeders is now top of the pile of stocks on the MSCI Asia Pacific Index for this year, as African swine fever continues to disrupt business in the world’s top pork-consuming country.
The recent widespread outbreak of African swine fever in China has brought a whole new resolve to improve biosecurity, said Erin Borror of the U.S. Meat Export Federation during AgriTalk with Chip Flory.
Sichuan, China’s southwestern province and the country’s top pig-farming province, is removing some restrictions on hog production to stabilize supply after African swine fever has drastically reduced herds.