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China pork crisis

China pork crisis
African swine fever was first detected in China in August 2018, near its border with Russia, eventually spread to all 31 mainland provinces, municipalities and autonomous regions in less than nine months. This led to a mass culling of livestock that surpassed 100 million pigs and a significant jump in the price of pork, close to a 50 per cent increase in some cases. The trade war with the United States limited replacement options from the American agriculture industry due to higher tariffs. In 2018, China consumed about half of the world’s pork but more than 95 per cent was sourced from domestic supplies.
Food and agriculture

China to reduce pig count by 1 million amid low prices, deflation risk: report

Measures reportedly in the works by agriculture authorities are not just aimed at restoring balance to pork sector, but also at shoring up economy amid deflation risks.

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WH Group to gain US$467 million from sale of food spices unit to French firm

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WH Group posts 7.2 per cent jump in 2021 profit, but outlook clouded by war

WH Group warned that the Ukraine-Russia war will push costs up and affect profitability, after reporting a 7.2 per cent jump in annual profit on higher sales.

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