China has certainly had its share of problems in the past months, has it not? Coronavirus is just the latest in the stresses facing the population there. We cannot forget confirmed cases High-Pathogenic Avian Influenza (Bird Flu) and the even more devastating African Swine Fever (ASF) which has been decimating the herds of the world’s largest pork producer. What is this doing in the global pork marketplace, especially as it pertains to U.S. Pork?
Pork Checkoff Vice President of International Marketing Norman Bessac talks about the economic impact of these different diseases and their different effects.
Unlike ASF or Bird Flu, Coronavirus has a human impact. This is affecting workers at docks and limiting the movement of cargo around the country. There are reports that Chinese docks are running out of room and the electrical capacity to store perishable items such as pork.
This doesn’t even consider the losses in hog numbers from ASF. The Pork Checkoff’s Pork 2040 report looks at the Chinese market in the long-term. You can find a copy of the report here.