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China's recovery from swine fever pushes up international corn prices

Pork industry's growing appetite for feed spurs 30% rise from last year

A farmer feeds pigs on his farm at a village in Liaoning Province, China, in January 2019.   © Reuters

TOKYO -- Corn prices have risen substantially over the past year as China's pork industry rebounds from an outbreak of African swine fever that had forced farmers to cull much of their pig herds.

Corn futures on the Chicago Board of Trade recently hovered above $5 a bushel. While the price is down over 30% from a peak in early May, when unusual weather in the U.S. had raised concerns about a poor harvest, it is still about 30% higher than a year earlier.

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