Chinese pork prices have fallen for the first time in a year and a half

By: Trademagazin editor Date: 2020. 11. 10. 11:08

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After more than a year, for the first time in China, the price of pork fell, as in the country as production increased, began to alleviate the previously very severe meat shortages – origo wrote.

In China, pork prices fell 2.8 percent in October, the first price drop since February 2019 – CNBC woite, according to the Chinese Bureau of Statistics.

This is a huge turn in the second largest economy in the world where pork prices increased significantly, due to african swine fever. Meat prices doubled last autumn and then rose even more in the spring. (origo)