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China Pork Prices Sizzle As Frozen Reserves Fail to Cool Market

Pork prices in China are climbing at a blistering pace despite government moves to cool markets in the world's top consumer of the meat by selling chunks of its frozen reserves. Government data released on Wednesday showed Chinese pork prices hit record levels this week, driven up as farmers hold back pigs from slaughter to rebuild herds following widespread culling in 2014 when prices were low. Supply has also been curbed by environmental measures introduced in 2010 that forced...

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