Coronavirus severely affecting China’s beef imports

According to a report recently concluded by the Dutch bank Rabobank, the Chinese beef imports are only expected to return to normal by the third quarter of 2020. According to the bank this is because beef is the protein most affected by the coronavirus as it is the most consumed protein outside of the home. “Restaurants are likely to remain closed in some regions until March, while in other regions people can avoid eating out,” he said.

At the same time on Tuesday March 3rd, China’s Ministry of Agriculture reported that it detected the African swine fever virus in a wild boar in Hubei province. The ministry said seven wild boars were found dead in the northwestern province of Shennongjia Forestry, which is in central China. China’s domestic pig herd has already fallen by more than 40% due to the virus epidemic, although few cases have been reported in wild boars in the country.

Sources: Valor Econômico and Reuters

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