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MNI BRIEF: China Pork Prices Climb For 5th Straight Week

MNI (BEIJING)
MNI (Beijing)

China saw prices for live hogs hit CNY15.37 per kg during the week ending April 5, marking the fifth consecutive week of iincreases, according to data released by the National Development Reform Commission on Monday.

Pork prices, a major CPI driver in China, will rise steadily this year as government policy to reduce breeding sow population reasonably using market mechanisms to deal with excessive supply takes effect, an agricultural policy advisor recently told MNI. (See: MNI INTERVIEW: China's CPI Pork Prices To Rise In H2)
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China saw prices for live hogs hit CNY15.37 per kg during the week ending April 5, marking the fifth consecutive week of iincreases, according to data released by the National Development Reform Commission on Monday.

Pork prices, a major CPI driver in China, will rise steadily this year as government policy to reduce breeding sow population reasonably using market mechanisms to deal with excessive supply takes effect, an agricultural policy advisor recently told MNI. (See: MNI INTERVIEW: China's CPI Pork Prices To Rise In H2)