China’s Pig Herd May Shrink 50%: Rabobank
Production may take more than 5 years to recover to levels prior to ASF outbreak
China’s pig herd could halve by the end of 2019 from a year earlier as an epidemic of African swine fever sweeps through the world’s top pork producer, analysts at Dutch bank Rabobank forecast on Tuesday.
According to a report at Reuters, the bank said China’s herd, by far the world’s biggest, was already estimated to have shrunk by 40% from a year ago, well above official estimates which have ranged from 15% to 26%.
Production may take more than 5 years to recover to levels prior to the deadly outbreaks as challenges including a lack of solutions to prevent the disease and a lack of capital will restrict restocking, Rabobank added.