Business & Finance
China’s Pork Market Recovery Struggles to Overcome Tepid Demand
Key Points
China’s Pork Market Recovery Struggles to Overcome Tepid Demand The Chinese government’s campaign to lift pork prices is finally gaining traction. But the rally is running into a familiar obstacle: consumers still aren’t buying enough.
China’s Pork Market Recovery Struggles to Overcome Tepid Demand
The Chinese government’s campaign to lift pork prices is finally gaining traction. But the rally is running into a familiar obstacle: consumers still aren’t buying enough.
State-ordered capacity cuts and financial losses among breeders are starting to reduce supply. After hitting a 16-year low in June, wholesale pork prices have risen nearly 7% this month. That’s helpful for the government’s priorities of fighting deflation and securing rural incomes.