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Pork demand in China has fallen for three years, with sales hitting three-year lows of 40.85 million tonnes in 2016 according to Euromonitor. Consumers are shifting toward vegetables in products like frozen dumplings, while Chinese hog farmers keep expanding large modern farms.
Weakening Chinese pork demand is bearish for hog prices and pork import demand, while the expanding Chinese herd adds to supply pressure.
chinaeconomicreview.comJun 19, 2017Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
