China's Pork Prices to Extend Hikes, Ministry Official Says
Tang Shihua
/SOURCE : yicai
China's Pork Prices to Extend Hikes, Ministry Official Says

(Yicai Global) July 17 -- Pork prices in China will continue to rise amid tightening supply caused by the outbreaks of African swine fever, according to a ministry official. 

Since last October, pigs  have not been able to reproduce as well as before, which is beginning to show now in the second half of this year, Tang Ke, director at the Ministry of Agriculture and Rural Affairs, said at a news conference today.

At the end of June, China's swine inventory fell 15 percent from the previous year to 348 million, the National Bureau of Statistics announced yesterday. In the first half, pork production declined 5.5 percent to 24.7 million tons,  heavily impacting China's consumer price index. 

Editor: Emmi Laine 

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Keywords: Pork Price , Supply And Demand , African Swine Fever , Ministry of Agriculture and Rural Affairs