Miles Guo: chicken prices in China will soar. China is facing food shortage crisis

China has reported at least two million pigs have died as a result of African swine fever in China. The pork prices are soaring in mainland China. As a result, many Chinese people are looking to buy other meats such as chicken, beef, and mutton. This led to another rise in the wholesale price of meat nationwide. The price of pork rose 11% to 51.21 RMB from 46.13 RMB per kilogram last week from October 14 to October 20, and the increase was another 2.4%, which was closer to the price of beef and mutton, which rose 1.2% and 1.7% to 65.81 RMB, 62.73 RMB per kilogram respectively.

Blue indicate: pork | Orange indicate: chicken | Graph: Ministry of Agriculture

According to the Ministry of Agriculture’s national wholesale market price information system, the prices of pork, mutton, beef, eggs and chicken, which were monitored from October 18 to October 24, rose 144.8%, 19.0%, 16.2%, 23.1% and 30.7%, respectively, compared with the same period last year.

On top of that, Chinese grain producers have been hit by what can only be called a plague of a dangerous pest called “Fall Armyworms,” that devastates rice and other grain crops. The combination hitting China as its leaders are in the midst of an escalating major trade war with the United State.

The food shortage, economic and financial pressures in China will pose a threat to communist party leaders and their regime. Because in the past Chinese history, when there was a shortage of food and the domestic economy was severely damaged, the Chinese people would stand up and overthrow the political party and start the so-called revolutionary movement. This is exactly what happened in 1911 when the Chinese people had a problem with food shortage, and immediately the South was in turmoil. This is why Beijing is now doing whatever it can to quell the Hong Kong issue, or their regime will be threatened.

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Nov. 04, 2019