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FLCH - Pork Prices In China Heading Upwards As Supplies Tighten
Franklin FTSE China
Pork prices are rising in China just as new COVID-19 measures threaten to disrupt the flow of imports from some key suppliers.
Wholesale prices have risen for six consecutive weeks and now stand at their highest levels since early April.
Figures from the Commerce Ministry show wholesale prices reaching CNY46.3 per kg in the first week of July - up 4% on the previous week. Prices have now risen by more than 20% since the middle of May.
Agriculture Ministry figures, which are collated slightly differently, show prices hitting CNY47.37 per kg last week -