Beijing has rolled out new rules requiring slaughterhouses and processing plants to test for the African swine fever virus, keeping pork prices in check even as pig production continues to drop, said Reuters.
The government is checking slaughterhouses, cold storage warehouses and processing firms so nobody dares to buy pigs, kill pigs or sell meat. Live hog demand is fairly poor,” said Feng Yonghui, chief analyst with Soozhu.com.
Hog prices in the world’s top producer of pork rose sharply in early March as losses from an epidemic of incurable African swine fever started to impact supplies. Prices leveled off in mid-March, however, and in many areas have declined in May, confounding anticipation of a rapid rise in pork prices after widespread culling.