Adds pork costs, background SINGAPORE, Nov 16 (Reuters) - C
Adds pork costs, background
SINGAPORE, Nov 16 (Reuters) – China’s pig herd grew 26.9% in October from a yr earlier and its sow herd rose by 31.5%, the ministry of agriculture mentioned on Monday, extending robust rebounds in the previous couple of months after massive numbers of pigs had been killed by the African swine fever.
Pork provides improved consequently, with meat costs declining since October, the ministry mentioned.
Wholesale pork costs within the second week of November had been quoted at 46.47 yuan ($7.06) per kilogram, down over 20% in comparison with the highs in February, the ministry mentioned.
China, the world’s prime producer of hogs and pork, noticed its pork output fall to its lowest degree in 16 years final yr after African swine fever swept by means of farms nationwide from 2018 onwards.
After Beijing known as final September for an pressing rebuilding of pork provides, producers have poured billions of yuan into new farms, triggering a speedy rebound.
($1 = 6.5820 Chinese language yuan renminbi)
(Reporting by Chen Aizhu, modifying by Louise Heavens and Jason Neely)
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