The rapid spread of African swine fever has taken its toll on companies operating in China’s corn sector, where prices have plummeted after a sharp fall in demand for hog feed, the primary use of the crop.
Prices of one-month corn futures on the Dalian Commodity Exchange have lost 10 per cent to Rmb1,859 per tonne since May.
The decline shows that the effects of African swine fever, which is incurable and has triggered mass culls in China, are rippling into other sectors that rely heavily on pig farming.
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