China’s beef prices rise for ten consecutive weeks amid higher demand, tight supplies amid pandemic

 

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China's beef prices have been rising for ten consecutive weeks as more consumers shift to beef after the African swine fever ravaged pork supplies, and beef imports have been disrupted by the coronavirus pandemic.

Average beef prices in China rose to 83.66 yuan per kg in the third week of August, rising 0.2 per cent from the previous week and 14.4 per cent higher than the same period last year, showed data from the Ministry of Agriculture and Rural Affairs.

Beef prices had climbed for ten consecutive weeks, up by a . . .

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