China Live Hog Weekly: Prices dip 17%, no signs of stabilising (week ended May 8, 2020)
Pork consumption remained low, partly due to the exorbitant prices and partly the result of poor demand from the food and beverage sector due to the pandemic. Slaughterhouses, which were wary of mounting inventories, continued to hold back hog purchases, hence dragging prices down for the consecutive 11th week. During ...
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