Pork Is Now a Luxury Item in China

Pork Is Now a Luxury Item in China
Pork vendors' stalls at a market in Beijing, China on Nov. 11, 2019. Fang Nanlin/Reuters
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A widespread outbreak of African Swine Fever (ASF) has sent pork prices soaring in China, the leading pig producer and pork consumer in the world.

Based on data released by China’s Ministry of Agriculture, the average wholesale price of pork peaked in late October at 58.58 yuan ($8.36) per kilogram, then eased to the current 43.40 yuan ($6.14) per kilogram, which is still 120 percent higher from a year ago,