Caixin
Sep 28, 2023 01:54 PM
ECONOMY

China’s Ailing Pork Demand Another Sign of Economic Distress

00:00
00:00/00:00
Listen to this article 1x
Hog prices nationwide have dropped over 5% so far this month, and wholesale pork prices have also turned lower, while slaughter rates at abattoirs are flat. Photo: Bloomberg
Hog prices nationwide have dropped over 5% so far this month, and wholesale pork prices have also turned lower, while slaughter rates at abattoirs are flat. Photo: Bloomberg

(Bloomberg) — The fall holidays in China are usually boom-time for pork consumption, as parties and cooler weather entice households to splurge on the nation’s favorite meat.

The Mid-Autumn Festival on Friday typically gathers friends and family over celebratory fare like braised pork belly or sweet and sour ribs. This year, the lunar holiday is followed in short order by the weeklong National Day break, which should extend demand for the more expensive meatier dishes beloved by Chinese.

loadingImg
You've accessed an article available only to subscribers
VIEW OPTIONS
Share this article
Open WeChat and scan the QR code