Beijing starts stockpiling pork to support prices
Pork processors rose today after China, the world’s largest pork consumer and producer, started stockpiling the meat to stem a decline in domestic prices and support farmers’ income.
Fortune Ng Fung Food (Hebei) Co. (SH:600965) advanced 3.40 percent. Henan Shuanghui Investment & Development (SZ:000895) rose 3.42 percent.
Zhongpin (NASDAQ:HOGS), however, dropped 3.25 percent on opening today
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