African Swine Flu has now wiped out 40% of China’s hog supply, wiping out 25% of this year’s pork production, and threatening another double-digit loss next year. Prices for the meat have now risen by 120% and forced many Chinese consumers to switch to other sources of protein. While the worst of the pandemic seems to be over, its ripple effect will continue to drive surging Chinese imports of foreign pork, which have now doubled over the last year, as well as chicken and beef. China has already pulled restrictions on meat exports from a number of nations, most recently Canada, Japan, and the US, but still has a multi-million metric ton hole in their protein supply to fill going into next year.
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