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Weak Pork Prices Drove Down CPI - Securities Daily

CHINA PRESS

Low food prices were responsible for the weaker than expected CPI rate in March, according to the Securities Daily. Overall food prices fell 1.4% m/m, as better than expected weather lowered appetites and pork prices fell 4.2%. According to experts, the high inventory levels of live pigs and a decline in demand following the Spring Festival kept pork prices low and more policy support was needed to boost demand, according to the paper.

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

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