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National & World Ag News Headlines |
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Chinese Pork Production on the Rise
USAgNet - 04/19/2018
China's pork output rose 2.1 percent to 15.4 million tonnes in the first quarter compared with the period during the prior year, official data showed on Tuesday, after farmers rushed to slaughter their pigs amid a rapid decline in prices.
According to Reuters, the falling price led some farmers to send more hogs to slaughter amid worries prices would come under further pressure later in the year.
The number of hogs slaughtered rose 1.9 percent to 199.8 million head, the National Bureau of Statistics said, while the total herd declined by 1.2 percent to 415.2 million head.
China is the world's top producer of pork and its herd accounts for more than half the global total.
In addition to expansion by large farms, heavy snow in Eastern and Central China before the Lunar New Year holiday in mid-February delayed the transport of pigs from the north to the south, boosting pig supplies in the market after the holiday when demand is
typically much weaker, an official with the Ministry of Agriculture and Rural Affairs told reporters at a briefing.
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