The global food chain is being shaken by a pig virus, African swine fever, that started to kill off pigs in China last summer and has now spread to Mongolia, Vietnam and Cambodia. This has sent a shock wave through the global food chain with the strengthening of the global meat market and the rising of prices.
The fact that the African swine fever hit China first and is continuing to kill off pigs there is a significant factor to the meat industry, as China farms more than half of the world’s pig population. This is a great concern to the global economy and to China’s economy as a whole as pork makes up the largest portion of China’s consumer product basket and, as a result, rising pork prices may also, mean rising inflation in China.
At the moment the global meat supply is decreasing while pork prices are surging. Wholesale pork prices in China are up by 21 percent compared to last year, while prices in the U.S. and the EU are also rising. According to Bloomberg, analysts expect this to have a knock-on effect to other kinds of meats like beef, poultry, eggs and any other kind of protein that may be used to replace pork.
Analysis and opinions provided herein are intended solely for informational and educational purposes and don't represent a recommendation or investment advice by TeleTrade. Indiscriminate reliance on illustrative or informational materials may lead to losses.
© 2000-2023. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at email@example.com.