'Pork Trade Will Stabilise When More Workers Recover'
"); jQuery("#212 h3").html("

"); });
2022-03-02 HKT 16:22
A representative of pork traders said on Wednesday that he believes more than half of workers in the sector have been infected with Covid-19, and the supply of fresh meat will not stabilise until more of them recover.
Hui Wai-kin, head of the Pork Traders General Association, said he believes only around a third of workers in the local pork trade are uninfected at the moment.
"For the whole slaughterhouse, the production line, transport workers and buyers, they're all linked, they are interlocked," he said.
"For example, even if the butchers can come here to help with fresh pork production, but the meat can't be delivered to the markets because there's a shortage of transport workers. You still can't get it done."
Hui said some of the 200 plus infected local workers will hopefully be able to resume work as early as Sunday, and supply should gradually stabilise.
Hong Kong's central slaughterhouses in Sheung Shui and Tsuen Wan were recently shut down because of coronavirus outbreaks.
In view of the manpower shortage, their operator, China Resources Ng Fung, said 38 butchers from different parts of the mainland were coming to the SAR on Wednesday to work in a closed-loop environment, initially for two months.
Meanwhile, a food traders' association, the Hong Kong Food Council, said while fresh pork supplies have been scarce, there is more frozen pork coming into Hong Kong.
It called on the public to stay calm, saying the city has a sufficient supply of food.
ZA Bank Brings Nasdaq Data To Hong Kong, Expanding US Stock Access And Investor Education
ZA Bank and Nasdaq have announced a collaboration aimed at enhancing digital wealth management in Hong Kong and interna... Read more
Hong Kong To Study One‑Stop Infrastructure For Equities, Bonds And Digital Assets
The Hong Kong Monetary Authority’s (HKMA) CMU OmniClear and the Hong Kong Exchange (HKEX) are set to begin a study on... Read more
Hong Kong To Issue First Stablecoin Licenses In March, Expand Crypto Regulation
Hong Kong will issue its first licenses for fiat-referenced stablecoin issuers in March and introduce new legislation l... Read more
MSIG Joins US$6B IFC Credit Insurance Facility To Boost Emerging Market Lending
MSIG USA and Mitsui Sumitomo Insurance (MSI Japan), together referred to as MSIG, have joined a new insurance-ba... Read more
Why The $2 Trillion Stablecoin Prediction Is Too Low
McKinsey estimates the stablecoin market will hit $2 trillion by 2028. But according to Sam Lin, COO of dtcpay, even th... Read more
RedotPay Eyes US IPO With Potential US$1 Billion Raise
RedotPay is reportedly exploring an IPO in the US that could raise more than US$1 billion, according to people famili... Read more
