China: drastic reduction in the pork assets
Due to the effects of pork disease in China, there will be more than two million pigs less, the equivalent of European production,. The price of pork, therefore, shot skywards and weighed heavily on the buying power of the Chinese, while the government could do very little to limit the shock: the public stock, in fact, of pork adds up to millions of tons. A ridiculous figure if one considers that it corresponds to about a week’s worth of national consumption.
Source: Les Echos through Agra Press