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Higher Pork Prices In Q3 Expected

CHINA PRESS
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Analysts expect pork prices to rise further as demand for pork increases during the peak Q3 consumption period, according to Yicai news outlet. Prices will remain high until late November given continued supply pressure, agricultural analysts said. China Pig Farming Network data showed domestic live pig prices reached 21.26 yuan/kg on Aug 12, up 23.5% year-on-year and 14.06% month-on-month, Yicai noted. However, Q2 price increases were driven by supply factors without any significant change in demand, an analyst said.

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Analysts expect pork prices to rise further as demand for pork increases during the peak Q3 consumption period, according to Yicai news outlet. Prices will remain high until late November given continued supply pressure, agricultural analysts said. China Pig Farming Network data showed domestic live pig prices reached 21.26 yuan/kg on Aug 12, up 23.5% year-on-year and 14.06% month-on-month, Yicai noted. However, Q2 price increases were driven by supply factors without any significant change in demand, an analyst said.