Rabobank says China’s hog population has been cut In half by African Swine Fever.
That’s a significant increase from Rabobank’s previous estimate of 35 per cent and compares with China’s official estimate of between 15 and 26 per cent.
Rabobank predicts pork production in China will be downby 25 per cent this year; some of that pork is herds being culled to try to stop the spread of the disease.
Next year Rabobank predicts production will be down by another 10 to 15 per cent and that rebuilding China’s hog population will take more than five years.
China was the world’s largest pork producer and had an estimated 360 million pigs at the end of last year.
