China Pork Prices Have Downward Momentum - Securities Times

Pork prices in China have cooled to CNY17 per kg in December, down from around CNY30 per kg two months ago, according to the Securities Times. Hog supply has increased in anticipation of the New Year and Spring Festival, as farmers increased slaughter and the NDRC released supplies from its central reserves. However, demand has cooled more than expected due to the end of Covid-zero disruptions. Over the short term prices will have downward momentum, the paper said citing experts.