# China’s pig farmers grapple with soybean price spike as coronavirus hammers global commodity trade | South China Morning Post

> Chinese soybean prices jumped 22% in March as coronavirus disruptions hit global supply, and tighter soymeal supply has raised feed costs for pig farmers. Hog farmers report feed prices up about 5% since April, while still recovering from African swine fever.

- Date: 2020-05-08 · published 2020-05-08T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/53096-china-s-pig-farmers-grapple-with-soybean-price-spike-as-coronavirus-hammers
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Tight soymeal supply and higher soybean costs in China point to firm soybean and soymeal prices, although the rally reflects supply disruption that could ease.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Sources

- scmp.com: https://www.scmp.com/economy/global-economy/article/3083312/chinas-pig-farmers-grapple-soybean-price-spike-coronavirus

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.