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Aug 10 (Reuters) – 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)
((emily.chow@thomsonreuters.com; +862120830020; Reuters Messaging: emily.chow.thomsonreuters.com@reuters.net))
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