MNI BRIEF: China Pork Prices Down 1.4% M/M At Start Of August
Aug-14 02:56By: Lewis Porylo
PBOC+ 1
China's pork prices, an important component in the nation’s CPI measure, fell 1.4% m/m during the first 10 days of August, data from the National Bureau of Statistics showed on Thursday.
The data release, which tracks m/m changes in market prices of 50 important means of production in nine categories, showed 18 products increased, 29 fell and three remained unchanged.
Notably, the price of LNG and steel rebar fell 2.2% and 1.1%, offset by a gain in coking coal of 3.6%.
China’s pork prices are expected to turn negative year-on-year in H2's CPI print a government advisor told MNI. (See MNI INTERVIEW: China CPI’s Pork Support)
