China: Pork pricing on the Rongchang Index

Rongchang Pig China is not a homogenous country in terms of agriculture. Their agrarian structure is nothing like ours. In addition to farmers, there are large agricultural companies with a conglomerate structure. The same is true in the pork industry. The African swine fever (ASF) epidemic, which began in August 2018, made Chinese decision-makers realize that pig farming was not adequately protected in sanitary or veterinary terms. It also revealed breeding and processing weaknesses. As a result, in less than a year, the Chinese pig population decreased by over 100 million animals. Losses were estimated at 200 billion yuan (PLN 120 billion). Chinese pig scientists have been working for years to create their own resistant and efficient breed. The ASF epidemic only confirmed the correctness of the chosen path. The Rongchang pig breed has been known in China for a long time. Its name comes from the name of the district that is currently located within the administrative borders of ...