Price of pork in China expected to skyrocket
The price of pork in China will see an increase of about 20% in June and July according to predictions.
This hike in price will be due to the supply of live pigs plummeting in the months of June and July.
The plummet is a result of farmers selling live pigs in haste to avoid losses. This in turn will cause a volatile market.
It has been shown in May that the selling price of live pigs is falling.
According to the Commerce Department pork prices have continued to drop due to off-season consumption, market supply increases and other factors.