New Delhi
Rising grain and input costs due to the Iran war are lifting animal feed prices in China, putting pressure on hog producers already suffering from weak demand and pork prices at 16‑year lows, a new report has said. In March, spot soymeal prices rose 7 per cent or over 200 yuan per tonne and corn by 4 per cent or around 100 yuan per tonne, according to reports. China is the world’s biggest pig market and producers are dependent on two key feed ingredients namely, soymeal and corn.