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China's Pig Disease Outbreak Pushes Up Global Pork Prices

In this Thursday, May 16, 2019, photo, customers buy frozen pork at a local market in Hong Kong. A case of African swine fever has been detected in a Hong Kong slaughterhouse, prompting the culling of all 6,000 pigs at the facility. Secretary for Food and Health Sophia Chan said in a statement Friday that the incurable virus was found in a single pig imported from a farm in Guangdong province in mainland China, where the monthslong outbreak has devastated herds. (AP Photo/Kin Cheung)

BEIJING (AP) — Hong Kong retiree Lee Wai-man loves pork fresh from the market but eats a lot less now that the price has jumped as China struggles with a deadly swine disease that has sent shockwaves through global meat markets.China produces and consumes two-thirds of the world’s pork, but output is plunging as Beijing destroys herds and blocks shipments to stop African swine fever. Importers are filling the gap by buying pork as far away as Europe, boosting prices by up to 40% and causing shortages in other markets.

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