China's Quarterly Pork Output Rises as Producers Increase Slaughter to Curb Overcapacity
China's pork production rose 7% in the third quarter from a year earlier, government data showed on Monday, as hog producers accelerated slaughtering to address industry overcapacity.
Output during June-September in the world's top pork producing nation surged to 13.48 million metric tons, a Reuters calculation based on data from the National Bureau of Statistics showed.
"The increase in pork production was mainly due to hog producers accelerating slaughter to curb overcapacity," said Pan Chenjun, senior animal protein analyst at Rabobank in Hong Kong.
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