Global Markets: African swine fever near Germany

By MarketsFarm

WINNIPEG, Jan. 22 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.

– Germany said on Wednesday there was a case of African swine fever in Poland that was only 12 kilometers from its border. In December, Poland reported 55 cases of ASF in wild boars. Germany is one of the world’s largest pork exporters. A joint operation with Poland has begun fencing along their border. The disease reduced China’s hog population by more than 40 per cent through culling since August 2018. There isn’t a cure nor a vaccine for ASF, which is almost 100 per cent fatal to pigs. The disease isn’t harmful to humans.

– The coronavirus continues to spread in China as the number of reported cases increased overnight from 300 to 473. On Wednesday, Chinese officials said the number of confirmed deaths rose to nine and so far all have been in the Hubei province. The Chinese government is discouraging public gatherings throughout the province, especially with the Lunar New Year on Saturday. Yesterday, one case of coronavirus was reported in the United States and there have been cases in Japan, South Korea, Taiwan and Thailand. The respiratory illness caused by the coronavirus is similar to SARS.

– Statistics Canada reported on Wednesday that inflation remained steady at 2.2 per cent December, despite a 7.4 per cent increase in gasoline prices. Without factoring in gasoline, inflation would have slipped to 2.0 per cent. The report also said energy prices on the whole were up 5.5 per cent.

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