China hog prices may fall 20%
15.03.2012
China hog prices may fall 20%, depressing pork too.
Hog prices in the world's biggest market- China - are to sink by up to 20% this year, dragging pork values down with them. Hog prices would be 15-20% cheaper this year than in 2011.
China's soybean imports(the main crop used in forage for pigs) - which fell by 3.9% to 52.6m tonnes in 2011, the first drop in a calendar year in seven years - are currently widely expected to resume strong growth this year.
