China’s third African swine fever (ASF) outbreak comes in quick succession after the second outbreak was confirmed only four days ago (16 August 2018). The Ministry of Agriculture and Rural Affairs have launched their ASF contingency protocol and have commenced emergency procedures.
Today, the national average price of live hogs is RMB 6.80/ kg, and fell RMB 0.03/ kg compared with yesterday. Compared with the same period last week, it fell by RMB 0.21/ Jin (=0.5kg), with a decrease of 2.98%. The terminal pork meat consumption fell down.
Influenced by ASF, cargos cannot be sold to the epidemic area (say, Jiangsu Province). The epidemic now is still in the stage of spreading. One well-known plant in China has reduced their slaughter to 5000 heads/day, reducing by over 10% than before. It is estimated that during this period, the consumption of pork will be greatly affected. Perhaps, after the epidemic it may have a rebound.
In order to ensure a regular production capability of processing plants, Unifood took this opportunity & completed over 2000 tons’ purchase plan of shoulder & ham. As for the second round buying, Unifood would keep focusing on & it’s expected to be settled soon.
