Dalian pork futures are down around 40% from their most recent peak in October 2022.
© Reuters
TOKYO — Chinese prices for pork — a product that accounts for 60% of the country’s meat consumption — are in a prolonged slump, putting producers at increased bankruptcy risk and forcing the government to take actions including lowering production goals.
Pork futures on the Dalian Commodity Exchange, a key indicator of pork prices in the country, were around 14 yuan ($1.93) per kilogram as of Tuesday.
