Free Trial

New Year Pork Price Increase Expected

CHINA PRESS
MNI (BEIJING)

Farmers in China are expecting a short-term increase in pork prices during the Chinese New Year festival, according to the 21st Century Herald. The news outlet said Wumart supermarket had seen pork sales up 10% m/m last week, and analysts reported a decrease of supply due to logistic difficulties during recent bad weather. However Shi Xiangying, a pig researcher at Huarong Rongda Futures believed any price rally could fall back after the festival as demand falls and slaughter volume remains high. (Source: 21st Century Business Herald)

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

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.