The National Bureau of Statistics of China Wednesday reported that pork prices in the nation have increased 69.3 percent, compared to last year. China released its September Consumer Prices report, which details food prices, among other general items.
Overall, food prices have increased by 8.4 percent since last year. African swine fever has taken a toll on pork production in China as experts believe the virus has wiped out as much as half of the nation’s pork herd.
Pork is a staple of the Chinese diet, and China is the top pork producing nation in the world. Reuters reports that Chinese importers recently made a record large weekly purchase of American pork last week, ahead of trade talks with the United States.
The purchases included 18,800 metric tons of pork for shipment this year, and 123,300 metric tons of pork for shipment in 2020. Meanwhile, Chinese imports of pork from all sources is up 43 percent this year, compared to 2018.
Source: AgriMarketing
Featured
-
How Does a Government Shutdown Impact Agriculture?September 26, 2023
-
USDA Approves $70 Million for Conservation Efforts Among Underserved ProducersSeptember 25, 2023
-
Drought Conditions, Water Levels May Impact Remainder of 2023September 25, 2023
-
Whole-Farm Revenue Protection (WFRP) Pilot Plan of Insurance and Micro Farm Program Crop Insurance ChangesSeptember 22, 2023
-
Farm Bill Takes Back Seat To Looming Federal DebatesSeptember 26, 2023