Bird Flu Outbreak Wipes 10 Billion Yuan in Business

by Sheela Philomena on Apr 17 2013 10:29 AM

 Bird Flu Outbreak Wipes 10 Billion Yuan in Business
China's poultry industry is hit by 10 billion yuan ($1.62 billion) loss in just one week, say sources.
This is only direct losses, and the real impact of the disease will be far more than that, Ma Chuang at the Chinese Association of Animal Science and Veterinary Medicine was quoted as saying.

Many consumers have been reluctant to eat poultry since the H7N9 avian influenza outbreak started in late March.

Some restaurants have stopped offering poultry dishes - leading to a major decline in both poultry prices and consumption.

China's authorities have been taking precautions to halt the spread of the deadly disease.

The widespread fears as well as the government's bans on poultry trading have cast a shadow over the whole industrial chain of the poultry industry.

As of Sunday evening, the H7N9 influenza has affected 60 patients while 13 of them have died.