China: Pork prices decrease
According to the Ministry of Commerce (MOC), China’s pork prices dropped 0.2 percent.
It is the first weekly price drop since May. The drop occurred the week ending July 24.
Zhou Wanjun, from the National Development and Reform Commission, expects pig prices to stabilise by the Spring Festival next year.
China has recently seen a major increase in food prices, also increased pork prices have been an issue. It was revealed that pork prices in June this year climbed 57.1 year-on-year.