In China, pork prices determine inflation rates. The meat is a local staple and has the largest weighting in food costs. A price rally that started earlier this year is continuing. Food producers may have to pick up the pricey tab.
Hog prices have risen nearly 40 per cent since March, pushing wholesale pork prices up a fifth. That is a big impact on the economy. China consumes half the world’s supply of pork.
As lockdowns in key cities such as Shanghai ease, the pick-up in consumer demand should far outpace the increase in supply that would come from normalising operations at factories and in logistics.
您已阅读30%（608字），剩余70%（1450字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。