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Food & Beverage

Chinese pork producers on a tear amid coronavirus outbreak

Surging prices bring windfall for companies but headaches for Beijing

Disruptions in logistics and transportation due to the coronavirus have slashed China's live hog supply and pushed up consumer prices drastically.   © Reuters

TOKYO -- The coronavirus outbreak that has battered Chinese business has left one surprising winner standing: pork producers.

Companies like Muyuan Foods are seeing a record jump in revenue despite low production volumes thanks to a surge in prices owing to the deadly outbreak. But this is fermenting the risk of inflation just as the economy heads south, leaving Beijing with a dilemma on its hands.

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