NDRC: Pork prices will rebound in the short term due to boost by the Tomb-Sweeping holiday.
According to NDRC, the 5th week in March will experience fluctuating decline in pork prices. In the first half of this week, pork prices were relatively high, but the sluggish demand from downstream market will plunge the prices during the rest of this week. But at the same time, demand boosted by the Tomb-Sweeping holiday will lift the prices again. Still the long term outlook is likely to be weak.