China's pork and hog prices have risen for two consecutive weeks in July, the
Ministry of Agriculture and Rural Affairs says. Beijing Xinfadi wholesale pork
averaged 14.4 yuan/kg on July 12, up 15% from July 1; the early-July peak
averaged 14.55 yuan/kg on July 8, the highest since the Lunar New Year.
Farm-gate hog prices began a sustained uptrend in late June, climbing 12.8% over
the past two weeks. The ministry said continued reduction in productive sow
capacity should gradually ease hog supply pressure in H2, while end-Q3
back-to-school demand and Mid-Autumn/National Day holiday restocking should
support a mild price rebound. Producers are advised to use the current rally to
orderly schedule sales.
