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China’s pork prices surged 46 per cent this year, likely to peak early next year

THE WIRE WITH UP-TO-THE-MINUTE UPDATES

China’s pork and pig prices has surged so far this year due to outbreak of African swine fever. Analysts said the rising trend is expected to extend into next year with falling hog inventory and increasing demand,which could drive consumer price level even higher.

Average wholesale pork price rose to 20.14 yuan per kg on April 26th, 1.1 per cent higher than a week earlier and surging 46.3 per cent from the same period last . . .

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