Free Trial

China's June CPI May Rise 2.4% Amid Higher Pork Prices-Daily

CHINA PRESS
MNI (Singapore)

China’s consumer price index likely rose 2.4% in June from May’s 2.1% amid rapidly higher pork prices, as breeding companies are reluctant to sell when the prices are seen bullish, the Securities Dailly reported citing analysts. The average wholesale price of pork nationwide is CNY26.69 per kilogram on Tuesday, which has increased by about 26% from June 1, the newspaper said citing data by the Ministry of Agriculture and Rural Affairs. The National Development and Reform Commission is releasing pork reserves and meeting with major breeding companies to safeguard supply and stabilise prices this week, the newspaper said. China is set to release the latest CPI data on Saturday.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.