China's Ministry of Commerce expects the country's pork production and prices to even out in 2010, according to Xinhua news agency. Prices are currently recovering from a steep drop in early 2009.
Oversupply led the live hog price to fall 40% to ¥9.56 (US$1.41) per kilogram from June 2008 to June 2009. But some of the loss was recovered by the end of the year, with the live hog price reaching ¥12.36 per kilogram by the first week of 2010, according to a ministry official.
