....Chinese pork prices have been very strong and are at 6x that of the US. Naturally, high food prices are negative for consumption, but Asia has more farmers than anywhere else in the world...high crop prices have tended to create consumption booms in places like India, Indonesia, and the rest of ASEAN. $PLIN $FAMI We are moving to a portfolio that is long food, short bonds. The rise in pork prices, the biggest driver of CPI this year.... zerohedge.com/markets/world...
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