How African Swine Fever in China Is Shaking Up World Trade Flows
- From Brazil to Canada to France, China has expanded trade relations to help ensure it has adequate supplies of meat while it rides out the African swine fever crisis. In recent weeks China has accelerated steps both at home and abroad to head off pork shortages and stem rising prices. Although African swine fever was first reported in China more than a year ago, it wasn’t until months later that the depth of the crisis became apparent. To secure more meat imports, China has forged new trade ties and patched up problematic old ones. At home, the country has retrofitted pork processing plants to boost production of other meats. And it has leaned on institutional facilities, such as schools and hotels, to shift meal offerings to chicken instead of pork. The measures appear to be having some success, and retail pork prices in China, which hit a recent peak in late October, have since dropped by 20%.