December 22, 2020

China Hog: Expanding consumption perks up prices (week ended Dec 18, 2020)


Growing demand for pork, resulting from increased consumption during winter and expanding output of cured meat products, drove hog prices to rise further. Slaughter volumes in major wholesale centres expanded 3.3% to 7,776 tonnes while pork carcass prices rose by 1.6% to RMB43.04/kg.


On average, hog prices increased for the consecutive fourth。


Pork demand is expected to climb to peak levels in the coming weeks due to the preparation for Chinese New Year. With hog availability remaining tight, prices are set to increase steadily.


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