China’s pig herds may be halved by African swine fever during 2019, according to Rabobank. The company said the herd had already been reduced by 40% YoY by the middle of the year, well ahead of the forecasts of up to 26%. The company said pork production would fall by 25% compared to 2018 and the output of China’s favourite meat could fall 30% more in 2020. Rabobank has already predicted that 200 million out of China’s 360 million herd could die from the disease, or be culled, and pork output could fall by up to 15%.
China’s pig herds may be halved by African swine fever during 2019, according to Rabobank. The company said the herd had already been reduced by 40% YoY by the middle of the year, well ahead of the forecasts of up to 26%. The company said pork production would fall by 25% compared to 2018 and the output of China’s favourite meat could fall up to 15% more in 2020. Rabobank has already predicted that 200 million out of China’s 360 million herd could die from the disease, or be culled, and pork output could fall by 30%.