African swine fever (ASF) has caused a direct loss of 1 trillion yuan, or about 170 trillion won, in China, a pundit said on Tuesday at a pig industry forum.
African swine fever (ASF) has caused a direct loss of 1 trillion yuan, or about 170 trillion won, in China, a pundit said on Tuesday at a pig industry forum.
The country hogs half of all the pigs on the planet, but as of July, China had lost more than 100 million pigs in the last year.
As a result, the price retailers pay for pork has spiked nearly 70% in the last year. And the average price that wholesalers pay suppliers was up 90% in the last week of August year on year.
The country hogs half of all the pigs on the planet, but as of July, China had lost more than 100 million pigs in the last year.
As a result, the price retailers pay for pork has spiked nearly 70% in the last year. And the average price that wholesalers pay suppliers was up 90% in the last week of August year on year.
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