World Perspectives
livestock

Anomalous Chinese Data

Dim Sums takes issue with Chinese data for showing pork production on par with the prior year but pork prices being 36 percent higher, and up even more using China’s National Bureau of Statistics data. Income is relatively stable, suggesting it is not demand that is driving up price. The anomaly does not show using USDA and FAO data.  There is a similar discrepancy in Chinese soybean data whereby demand and prices for soybeans are high, but imports are lower as are crush margins. Churchill referred to the Soviet Union (Russia) as a riddle wrapped in a mystery inside an enigma. Sometimes China can be equally as perplexing.  ...

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