December 5, 2019
China's senior Agriculture Ministry official: Swine herds are recovering
Yang Zhenhai, head of the ministry's animal husbandry bureau said swine herds are beginning to increase in 12 provinces, with herd reductions in other provinces slowing down, reported Bloomberg.
He added that breeding sow inventories are increasing and there is a bottoming in swine inventories. 12 provinces including Henan, Shandong and Jilin reported a rise in swine inventories, while south and southwest provinces said swine declines are slowing down.
Wholesale pork prices in China have fallen for four straight weeks since its record high, now close to 20% lower from the start of November. Inflation in China hit a seven-year high in October because of the increasing pork prices.
Yang said regional pork prices will not go up once the trial programme to restrict live swine movement to six southern provinces has been implemented. The programme, enforced to halt the spread of African swine fever, only stops the movement of live swine on specific routes, and exempts breeding stock and piglets.