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Pork Price H2 Moderate Recovery Expected

CHINA PRESS

A moderate recovery in pork prices is expected in the second half of the year, according to the Securities Daily Network. Financial traders have seen major pig futures contracts increase steadily for three months due to weather conditions, farmers' holding off sales and secondary fattening. In the medium term, China will see a moderate rise in prices as holidays, such as mid-autumn festival, national day and colder weather boost demand. Recent extreme weather has disrupted pork supply in the country, which has increased the price in recent weeks, according to one industry analyst.

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

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