CHINA PIGMEAT PRICES SURGE THIS WINTER

Strong seasonal demand in the run up to Chinese New Year in February, combined with icy weather has driven up Chinese pork prices and raised concerns about inflation in China. Data published by China’s ministry of agriculture shows prices for slaughter-ready pigs at Chinese Yuan Renminbi CNY16.60/kg (USD2.66) in the first week of January, up from CNY15.4/kg in the first week of December. A survey of 50 markets nationwide, released by the ministry on January 4 revealed that retail pork prices were up for the fifth consecutive week, to CNY22.36/kg, a rise of ...


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