(Yicai Global) July 17 -- Share prices of Chinese pig farmers and meat processors have surged today after a ministry official said that pork prices will continue to rise due to limited supply caused by the outbreaks of African swine fever.
Since last October, pigs have not been able to reproduce as well as before, which is beginning to show now in the second half of this year, Tang Ke, director at the Ministry of Agriculture and Rural Affairs, said at a press conference today.
Meat processors and traders climbed. At 14:40pm, Shandong's Delisi Food [SHE: 002330] soared by the daily limit of 10 percent in the afternoon. Hunan New Wellful [SHA: 600975] rose 9.7 percent.
Farmers did the same. Beijing's Dabeinong Technology Group [SHE: 002385] advanced 6.4 percent. Tech-Bank Food [SHE: 002124] climbed 5.5 percent. Shenzhen's Kingsino Technology [SHE: 002548] rose 2.2 percent.
Editor: Emmi Laine