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Pork carcasses hanging in cooler marina_karkalicheva/iStock/Thinkstock

China’s pork prices explode in August

African swine fever sending livestock meat prices soaring as consumers seek pork alternatives.

China’s National Bureau of Statistics reported this week that the price of livestock meat rose 30.9% in August. Pork prices alone rose 46.7% as the sector continues to deal with the impacts of African swine fever. The meat price increases led to a 1.31% rise in the country’s Consumer Price Index, with pork affecting the index by about 1.08%, the agency reported.

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