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Economy

China's deadly swine fever drives up global pork prices

Imports from US on track toward record despite tariffs as herds are depleted

Pork for sale at a market in Beijing. Pork is a staple meat in China.   © Reuters

BEIJING -- Pork prices in China are expected to reach new highs come winter as a nationwide swine virus outbreak thins stocks, likely pushing international prices higher as the country turns to imports to make up for the supply shortfall.

Wang Junxun, veterinary bureau deputy director at the Ministry of Agriculture and Rural Affairs, called the situation "grave" in a news conference on April 23. Herds in March were down 19% on the year, and the female population was down 21%, according to the ministry.

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