China's pork prices grew at slower pace in August, industry insiders warn turning point may emerge soon

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China's official data showed that pork prices, which had surged since last year as a swine fever ravaged hog herd, grew at a significantly slower pace in August. Industry insiders warn that a turning point is likely emerge soon amid rapid expansion of pork production capacity.

Since last year, the outbreak of African Swine Fever has ravaged the country's hog herd, sending pork prices skyrocketing. Top pork producers which have expanded production capacity see profits surge.

Earlier this week, Jiangxi Zhengbang Technologies, a major Chinese pork producer, said it sold 1.07 million . . .

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