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China's High Pork Prices Seen to Return to Normal Levels in Near Future

by 5m Editor
12 October 2004, at 12:00am

CHINA - Pork prices in some regions of China have registered a fall of more than RMB1.0/kg in early October.

A local newspaper in Chongqing city, south central China, said that fresh pork prices in the region dropped by RMB1.60/kg in early October compared with prices in September.

While some analysts expect pork prices in China to remain high until the end of the Chinese New Year celebrations in February 2005, others say that pork prices may recover gradually to normal levels in the near future. They attribute this to the Chinese central government's amendment of its "Pork Reserve Regulations" and lower aquatic product prices, among other factors.

Source: eFeedLink - 11th October 2004

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