ThePigSite Latest News
Soaring prices of pork and eggs
CHINA - Prices of pork and eggs keep soaring in Chinese markets due to tightened supplies and increasing production cost. |
| A consumer walks past a pork booth at a market in Nanjing, east China's Jiangsu province. |
Sources with the Ministry of Agriculture have said that if the prices remain high, the country's consumer price index (CPI), a major indicator for inflation, will be affected. CPI reached the alarm level of three percent in April.
Food products account for 33% of CPI in China, and meat, poultry and related products, about 20%.
According to the Ministry of Agriculture, in April live pigs nationwide were priced 71.3% higher than a month earlier, and pork, 29.3% higher.
In Beijing, price of slaughered pigs went up more than 30% in recent days, while that of eggs rose to record high for past five years.
The wholesale price of pork in Shanghai has hit 16 yuan (2.1 U.S. dollars) per kilogram, a record high for recent 10 years, up 20 percent month-on-month.
China is planning to set up a "meat reserve" if domestic pork and poultry prices keep rising days after pork hit a record high in parts of China.
To continue reading this article please click here
Source: CHINAdaily
Latest Pig Industry News
CME: US Dollar the Currency of Choice
Pig Feed Production Reported to Be Down 15%
Record US Hog Slaughter Expected for Q4- China Holds Market Potential for US Pork
- USGC Helps Korean Industry Increase Productivity
- Voluntary Trichinae Certification Program Established
- IPPA: Salutations to Iowa's Pork Producers
Europeans Show Scepticism about Animal Cloning- Maple Leaf Explains Listeria Situation at its Plant
- New K-State Swine Building to Be Unveiled
