China pork prices head toward record high on supply concerns

People shopping for meat a supermarket in Handan in northern China's Hebei Province. The rapid spread of the coronavirus in China has failed to dampen a scorching pork rally, with prices heading toward a record high on supply concerns in the world’s biggest meat consumer. - AP

BEIJING: The rapid spread of the coronavirus in China has failed to dampen a scorching pork rally, with prices heading toward a record high on supply concerns in the world’s biggest meat consumer.

Pork prices surged 116% from a year earlier in January, after almost doubling in December, according to data from the National Bureau of Statistics.