China Could Feel Swine Fever Blow for Next Decade, Cargill Says | WHAT REALLY HAPPENED


China Could Feel Swine Fever Blow for Next Decade, Cargill Says

It could be as long as a decade before China recovers from its outbreak of African swine fever, the deadly pig disease that’s decimating hog herds in the world’s largest pork consumer.

That’s according to Cargill Inc., one of the world’s largest agricultural commodity traders. The virus, which kills most infected pigs within 10 days, has already spread to most Chinese provinces. Official reports of a 24% decline for the nation’s herd are “conservative,” said John Fering, managing director for Cargill’s premix and nutrition business in the Asian nation.

China’s hog-herd losses are tough to estimate and could be anywhere between 20% and 70%, according to Rabobank.

“This is not a short-term event,” Fering said by phone. “This is going to take several years, if not a decade, to fully achieve structural recovery.”

Webmaster's Commentary: 

This wouldn't be the first time when food may have been used as a weapon of economic war, through the introduction of some kind of virus, right into the immune systems of the host animals.

But for those readers and listeners who like, and eat pork, you might want to share a group shopping at one of your big-box stores for it, because this is most probably going to have a dramatic effect on food prices both here, and around the world.

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