Small and medium-sized enterprises are liquidating their herds.
Concerns about the quality of hog skins from the Smithfield Foods facility are behind this decision.
According to official sources, the swine herd grew 24% in the 12 months to May.
5.7% increase in slaughter rate compared with Q1last year.
Top five markets are comprising China. the US, Japan, Mexico and South Korea.
High volatility in this market triggered the alert for both officials, farmers, and importers.
China would likely reduce frozen pork import in the second half of the year, warns expert.
However, pig prices in the country are plummeting since Vietnam announced a ban on live pig imports.
For the last three months, producers are enjoying higher prices, while processors are hoping for ...
