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New Year Pork Price Increase Expected

CHINA PRESS

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

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