BUSINESS Pork prices in China lower last week


Pork prices in China lower last week


11:07, April 12, 2023

BEIJING, April 12 (Xinhua) -- Pork prices in China registered a week-on-week decline in the week from April 3 to 7, official data showed.

During this period, the average pork price tracked by the Ministry of Agriculture and Rural Affairs stood at 18.33 yuan (about 2.66 U.S. dollars) per kg, down 2.9 percent compared with the previous week.

The price was 9.7 percent higher year on year, but the increase fell by 4.6 percentage points from a week earlier.

Pork supply increased during the period, as some large-scale breeding farms accelerated pig slaughter, but pork demand shrank, leading to falling prices, according to the ministry

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