Pork prices in China may beat record

摘要

Despite the release of government stores of pig meat onto the market and rising imports, pork prices in China are reaching historic highs, reported the South China Morning Post recently.Already at CNY18.34 (USD2.76) per kilo, one analyst predicts the price to break the current record set in May of CNY21.00 (USD3.16) per kilo as soon as September. Another source put the increase in pig meat prices at 51 % so far this year, and wholesaleprices already at CNY26.74 (USD4.02) in Shanghai in June.