For the week ended July 1, the pork price in China was 26.25 yuan ($3.91) per kilogram, up 14.9% from the previous week, according to the ag ministry. The ministry attributed the jump in price to declining hog supplies in the northern part of the country and “reluctance to sell” by producers. The National Development and Reform Commission said earlier this week it will take timely measures and tighten market oversight to prevent sharp increases in pork prices.
China’s Pork Prices Surge
For the week ended July 1, the pork price in China was 26.25 yuan ($3.91) per kilogram.
(National Pork Board and the Pork Checkoff)
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