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China fine-tunes pork reserve system as panic selling and sluggish demand send prices tumbling

Summary:
[unable to retrieve full-text content]Plummeting prices for China’s favourite meat mean a lot of the pigs that trader Zhang Yu is seeing in the market these days are supersized, or at least a little overweight.Low prices driven by sluggish demand and panic selling over African swine fever outbreaks are causing many farmers to hold onto their herds, and fatten them up, in the hope prices will rebound.“If they sell at the current price, they will certainly lose money,” said Zhang, who lives in a small town in the northeastern…

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[unable to retrieve full-text content]
Plummeting prices for China’s favourite meat mean a lot of the pigs that trader Zhang Yu is seeing in the market these days are supersized, or at least a little overweight.Low prices driven by sluggish demand and panic selling over African swine fever outbreaks are causing many farmers to hold onto their herds, and fatten them up, in the hope prices will rebound.“If they sell at the current price, they will certainly lose money,” said Zhang, who lives in a small town in the northeastern…
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