China will lose $50-120 billion as a result of African swine fever (ASF) outbreaks and related culls, according to the Asian Development Bank (ADB). An additional $5-10bn could be lost in countries such as Vietnam and Cambodia – taking total losses in the Greater Mekong region to as much as $130bn.
China Animal Husbandry Industry Company (CAHIC) saw it shares peak at around CNY20.50 ($3) each last month. The firm has been publicly listed since 1999. According to Bloomberg data, China's stock market value has hit a record high of more than $10 trillion on the back of the country's strong economic recovery during the COVID-19 pandemic.
Experts have stressed there is no new evidence of COVID-19 virus transmission from pets to people.
During a recent webinar hosted by the World Small Animal Veterinary Association (WSAVA), speakers highlighted animals that have been infected with SARS-CoV-2 have displayed only mild symptoms and there is no evidence of transmission from a companion animal to a new human.
Elanco will eliminate around 9% of its workforce in the first wave of restructuring following its purchase of Bayer Animal Health. Around 900 positions will be cut across nearly 40 countries. While the reductions will primarily target sales and marketing, they will also impact R&D, manufacturing, quality, and back office support.
All the tools and technologies needed to take animal health to the next level of sustainability are already available, according to several industry experts. There is a real sense of urgency across the livestock production industry to improve sustainability and animal welfare, says Jeroen Van De Ven – chief operating officer at Allflex Livestock Intelligence. Van De Ven suggested building consumer trust through technology will go some way to solving this issue.