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China July pork prices surge 25% on-month -statistics bureau

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China’s pork prices in July surged 25.6% on a monthly basis, said the statistics bureau on Wednesday, attributing the gains to production capacity cuts, farmers holding back pigs from market and a recovery in consumer demand.

On an annual basis, pork prices were also up 20.2% year-on-year, said the National Bureau of Statistics (NBS) on Wednesday. (Reporting by Emily Chow; Editing by Tom Hogue)

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