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China urges pig farms to restock amid worries over pork supply, swine fever

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Reuters BEIJING

BEIJING (Reuters) - China's pig farmers should quickly replenish their herds, a government official said, as the world's biggest pork producer looks to curb price rises for the meat expected to bite later this year in the wake of African swine fever outbreaks.

Pork prices in China are "very likely" to rise in the second-half of 2019 as the number of pigs has been falling, Tang Ke at the Ministry of Agriculture and Rural Affairs said on Wednesday.

"We recommend most farmers adjust their production and increase replenishment in a timely manner," said Tang, even as they carry out steps to prevent and control African swine fever.

 

The comments come as China battles the world's fastest spreading epidemic of African swine fever, which has now reached 24 of its provinces and led to the culling of more than 900,000 pigs. The disease is deadly to hogs, but does not affect people.

The outbreaks have not yet hit national pork prices and supplies are currently "sufficient", said Tang, who expected no major volatility ahead of the Lunar New Year holiday beginning in early February when the meat is widely consumed.

However, measures implemented to control the spread of the disease have kept live pig prices in some parts of the country at loss-making levels, leading to liquidation by small farmers and slow restocking.

National pig stocks in December were almost 5 percent lower than the previous year's level, said Tang, while numbers of breeding sows were down by more than 8 percent. He did not give total numbers for the herd size.

"For three consecutive months the drop was more than the 5 percent warning level, meaning that in the second-half of this year, the number of live pigs to reach the market will be lower and the likelihood of pig prices rising is very big," he said.

The ministry would work to ensure production and supplies by smoothing the transport of pigs and making sure animals can be sold, he added.

The average weight of pigs in the country was at a record of around 124 kg (273 lb) in December, said Tang, indicating difficulty in selling pigs in key producing regions.

CONSUMER CONCERNS

For now, live pig prices are still low, and may even be slightly weaker in the run up to the Lunar New Year, Tang also said.

The average price of live pigs in the second week of January was 13.65 yuan ($2.02) per kg, down 1.6 percent from the previous week, and has dropped for four consecutive weeks, he added.

Pork prices have also declined in the last week by 0.9 percent to 23.55 yuan per kg, and are down almost 8 percent versus last year.

"The volumes of pork traded at monitored farmers' markets has dropped by 14.4 percent, consumer demand is weakening," Tang said.

($1 = 6.7684 Chinese yuan renminbi)

(Reporting by Dominique Patton; Editing by Joseph Radford)

Disclaimer: No Business Standard Journalist was involved in creation of this content

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First Published: Jan 16 2019 | 10:30 AM IST

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