China intends to pay 5 million US dollars to pig farms, which will increase production capacities, and to large farms that have resumed operations after the outbreak of ASF and have consolidated their positions in the market.
The Chinese government plans to support the domestic pig-breeding industry with subsidies after reducing pigs in the country by 33% due to ASF. However, industry experts believe that such measures will not have a tangible effect and livestock losses by the end of the year can reach 50%.
The government’s proposal will not exceed 30% of the total investment, and subsidies will be distributed only between the 40-50 largest enterprises in the country. The money received is only enough to cover 20% of the cost of building a modern pig farm.
Since June this year, due to supply shortages in the domestic market, pork prices in the Middle Kingdom have jumped to 4.5 US dollars / kg. The People's Republic of China continues to increase imports of pork, beef and poultry.
So far, none of the large pig farms in the country has expressed an intention to restore the pig population lost as a result of ASF.