Pork prices have sky-rocketed in China over the last six weeks as the impact of African Swine Fever (ASF) continues to devastate the country’s pig farms. China’s meat imports, including pork, reached a new high in May. In anticipation of further price hikes, China’s A-share pork concept sector also experienced a significant increase in recent months.
According to the latest data from China’s Ministry of Agriculture and Rural Affairs, in June, the average ex-works price of lean pork in 16 provinces was 20.26 yuan ($2.94) per kilogram, up 43.7 percent year-on-year. The average price for pork on the wholesale market increased 2.6 percent in just four days from June 20 to June 24, reaching 22.63 yuan ($3.29) per kilogram.
