China's pork prices hit lowest this year as consumption dampened by coronavirus

>>REAL-TIME UPDATES IN THE WIRE. CLICK HERE<<<

China's pork prices hit the lowest level so far this year as the demand has been dampened by the coronavirus outbreak. Analysts say it's still too early to say pork prices have peaked considering that overseas supplies are likely to drop amid the coronavirus pandemic and pork consumption is expected pick up later this year.

According to the agriculture ministry, China's average wholesale pork prices was 43.02 yuan per kg on May 6, a new low since December 30, 2019. The prices have been falling for three consecutive months after hitting a high . . .

Sign In or Subscribe To Get Full Access.

Try Us For Free

Unlock exclusive content tailored to the complexity of the Chinese market.

From regulatory updates and economic indicators to market trends and company spotlights, we've got you covered.

Grab Our Welcome Offer!