Bacon Price Inflation
38% increase in the last four weeks
There have been very significant increases in global pork prices which have resulted in big increases in market pricing and is likely to continue throughout this year.
One of the main contributing factors is the increasing demand for pork in China as well as a nasty outbreak of African swine fever.
The deadly viral disease was first detected in August of last year and it is suggested that 30-50% of Chinese farms have been affected causing pork price inflation around the world.
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.
The World Organisation for Animal Health explained that the virus has no risk to human health however African swine fever has no approved vaccine. China are currently struggling to control the spread of the virus.
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