China - Pork prices rebound on state reserves

China’s National Statistic Bureau's latest report stated that as at the end of July, domestic pork prices showed a consecutive upward trend for eight weeks.
Wednesday 12 August 2009 (8 years 6 months 12 days ago)
China’s National Statistic Bureau's latest report stated that as at the end of July, domestic pork prices showed a consecutive upward trend for eight weeks, while the parity between pigs and grain remained higher than the breakeven point of 6:1.

The report said pork prices in July saw a 9% month-on-month increase. The hike is partly due to the effect of state pork reserves initiated in June.

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