Since May, live slaughter pig and wholesale pork prices in China are continuously rising and are expected to break the barrier of $7/ kg, says Lyle L Jones, Director of Sales China, Genesus Inc.The impact of the coronavirus crisis seems to be over and the consumption is back, explains Mr Jones.”China’s live slaughter pig and wholesale pork prices are once again on the rise after a steady decline following a drop off after Spring Festival. The downward trend in prices occurred during a time when domestic production is still recovering and a slow rebound of consumption after the Covid-19 epidemic. The high price of pork and drop in consumption from the heavily affected catering business pushed the pig price down to a low point in May. Since the catering industry has resumed operations and factories ramp up production following COVID-19 restrictions. Thus, pork consumption has begun to rebound and has increased significantly,” he said in his latest market report.
https://www.euromeatnews.com/Article-Pork-prices-on-the-rise-in-China/3985
