August 10, 2022

China's July pork prices increased 25.6% on monthly basis

China's pork prices in July surged 25.6% on a monthly basis, said the country's statistics bureau this week.

The bureau attributed the gains to production capacity cuts, farmers holding back pigs from market and a recovery in consumer demand.

On an annual basis, pork prices were also up 20.2% year-on-year, said the National Bureau of Statistics.

- Reuters