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MNI INTERVIEW: China Pork Prices To Support Inflation - Advisor

MNI (Beijing)

A Chinese pork industry specialist shares his outlook for prices and CPI.

Pork prices in China, a key component of CPI, will continue to support inflation towards year end due to base effects, but will likely stabilise following their 38% increase since January, and despite the peak holiday season approaching, a pork industry advisor has told MNI.

While balance will return to the market, prices will remain robust but not surpass Q3 2024’s two-year high of CNY20.99 per kg, said Zhu Zengyong, chief researcher at the animal husbandry economic innovation team at the Chinese Academy of Agricultural Sciences. "Pork prices will remain supportive of CPI in Q4," Zhu said, with the base effect set to widen in November and December due to the low prices recorded over the same months in 2023.

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Pork prices in China, a key component of CPI, will continue to support inflation towards year end due to base effects, but will likely stabilise following their 38% increase since January, and despite the peak holiday season approaching, a pork industry advisor has told MNI.

While balance will return to the market, prices will remain robust but not surpass Q3 2024’s two-year high of CNY20.99 per kg, said Zhu Zengyong, chief researcher at the animal husbandry economic innovation team at the Chinese Academy of Agricultural Sciences. "Pork prices will remain supportive of CPI in Q4," Zhu said, with the base effect set to widen in November and December due to the low prices recorded over the same months in 2023.

Keep reading...Show less