Domestic hog prices in March, normally a low season for pork consumption, surged to the highest level since mid-2011. Higher pork prices are pushing up restaurants’ costs, but the impact on consumers’ daily lives is limited, shoppers told the Global Times on Wednesday [23 March 2016]. As of March 9, the price of live hogs was up 52.8 percent year-on-year, the National Development and Reform Commission (NDRC) said on Saturday…Full Article: ECNS.cn Mar 2016

Key Points

  • On 23 March 2016, Chinese lean hog prices totaled CNY 19.7 (US$3.06) per kg, a CNY 0.29 price increase from the day before.
  • Chinese lean pork prices increased from approximately CNY 30 per kg in January 2016, to roughly CNY 32 per kg in February 2016, and to more than CNY 34 per kg in March 2016.

ChinaAg Comments

  • In March 2016, Beijing’s Xinfadi wholesale market noted a nearly 60% increase in pork prices versus the previous year.
  • From 2013 to 2015, average pork prices in China increased from CNY 25.86 per kg to CNY 26.73 per kg.

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