According to the National Bureau of Statistics (NBS), pork prices increased by 3.6 percent, reverted from a decline of 8.1 percent last month, affected by the tighter supply of pork due to factors such as the slower slaughter of live pigs and stricter requirements for epidemic prevention deployment and reduced imports.
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"The production of the hog is still mainly affected by the pig cycle, an economic phenomenon referring to cyclical fluctuations of supply and prices of the hog. In my view, the peak of the pork price now has passed, and it will return to a reasonable price in the future," Bai Ming, deputy director of the Academy of International Trade and Economic Cooperation in Ministry of Commerce told CGTN.
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