China’s Pork Imports to Peak in 2022, Driven by Fatal African Swine Fever: Report

China’s Pork Imports to Peak in 2022, Driven by Fatal African Swine Fever: Report
Advertisement of imported pork is seen at the second China International Import Expo (CIIE) in Shanghai, China on Nov. 6, 2019. Aly Song/Reuters
|Updated:

CHICAGO—Global meat shippers have three years to make the most of the outbreak of a fatal pig disease in China before Chinese pork imports peak, according to a report released by the U.S. pork industry, which is competing for sales against Europe and South America.

The forecast issued on Nov. 6 starts a clock ticking for companies to profit from the epidemic of African swine fever (ASF), which has killed up to half of China’s hog herd since August 2018 and pushed Chinese pork prices to record highs.