SHANGHAI :
Pork Stocks Soar After Chinese Official Projects Rising Prices
Tang Shihua
DATE:  Jul 17 2019
/ SOURCE:  yicai
Pork Stocks Soar After Chinese Official Projects Rising Prices Pork Stocks Soar After Chinese Official Projects Rising Prices

(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 

Follow Yicai Global on
Keywords:   Supply Tightness,Pig Farmer,Meat Processor,Stock Price,Stock Market