Dead Hogs in River No Obstacle as China Pork Prices to Climb
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A three-month slump in hog prices in China, the world’s biggest consumer of pork, is poised to end as the government stockpiles frozen meat and shoppers look past a safety scare, the country’s top pig processor said.
The wholesale price of live hogs may gain as much as 13 percent to 15 yuan ($2.44) per kilogram by the end of 2013, Zhang Taixi, president of Henan Shuanghui Investment & Development Co., said in interview in Luohe, central Henan province, on May 18. Prices rose 0.2 percent to 13.29 yuan per kilogram in the week ended May 12, the Ministry of Commerce said.