Will African swine fever cause BACON APOCALYPSE (aka 1000$ bacon?) due to pigs being nearly wiped out ?
Although I am loyal to pork products, I would switch to turkey bacon if pork ended up costing 1000$ per slice of bacon.
The price of pork and bacon is set to soar due to an outbreak of African swine fever in China, a British company has warned.
Procurement firm Beacon said it is likely prices will go on rising with European suppliers facing an increase in demand.
A deadly viral disease began affecting hogs on farms in East Asia last year after it was first detected in China in August.
York-based Beacon said its supplier, Bidfood, has found that throughout 2019, German and Dutch bacon suppliers have seen a huge increase in orders from China.
Bacon prices began rising between February and April with an 18% increase and the market price of pork has risen by 38% in the last four weeks.
Another supplier, Brakes, suggested that 30-50% of Chinese pig farms have been affected by the outbreak, triggering an increase in pig prices across the globe.
Ben Charles, of Beacon, said: “Brexit has been a driving force behind the price of pork throughout the first quarter of 2019, but the outbreak of African swine fever has mounted pressure on the market.