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Pork Prices To Continue Downward Trend - Securities Daily

CHINA PRESS
MNI (BEIJING)

Pork prices will continue trending downwards in the near term as inventories remain high and Spring Festival consumption demand has passed, according to the Securities Daily. The price of hogs stood at CNY14.33/kg on February 7, a 19% decline from January 1. According to experts cited by the paper, more focus should be put on upgrading the supply chain by enhancing technology and the ecology of farming, rather than solely focusing on price fluctuations. Over the medium-term, a recovery in economic fundamentals is expected to see pork demand gradually pick up and prices stabilise.

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

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