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Subdued Pork Prices Will Continue - Herald

CHINA PRESS

Pork prices will remain subdued into April as strong supply continues to depress prices, according to experts interviewed by the 21st Century Herald. Average pork prices in Q1 were CNY14.98/kg, with a high of CNY16.23/kg recorded January 1 and a low at CNY13.75/kg on February 3. Prices were CNY14.64/kg at April 6. Production costs are on average CNY17/kg, according to one expert. Prices will increase in May, as the market clears volumes of large and medium pigs, and demand recovers during the national holiday, the Herald said.

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

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