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China Struggling with Pig Overpopulation
18 June 2009
CHINA - It seems the United States is not the only country struggling with an oversupply of pork.
China has started buying frozen pork for its government reserves to relieve an oversupply of live pigs that has driven live pig and pork prices below breakeven, according to the official Chinese news service Xinhua.
Statistics released by China's National Development and Reform Commission Price Monitoring Center showed that average live pig prices in major cities across China over the past four weeks fell by 3.75 per cent while wholesale corn prices advanced 1.2 per cent, dropping the pig feed price ratio below breakeven, Xinhua reported.
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