Mainland China Exports Less Pork at Higher Rates

by 5m Editor
17 November 2008, at 4:07pm

CHINA - Mainland China has seen a decline in pork exports during the first eight months, the major causes being high pig-raising costs, numerous raisers quitting and lingering impact from the May 12 earthquake in Sichuan province, a major pork producing region.

Between January and August, China sold abroad 50,000 tons of pork for $170 million, a decrease of 52.4 percent and 15.6 percent, respectively, from the same period of last year, sources with the General Administration of Customs said on Saturday.

But the average price of pork soared 77.4 percent to $3,400 per ton.

Of the total exports, 78 percent, or 39,000 tons, went to Hong Kong, down 33 percent, 4,868 tons to Kirghizia, down 20 percent, and 2,220 tons to Macao, down 31.3 percent.

Approximately 72 percent of the total, or 36,000 tons were sold by private businesses, down 53.7 percent, 7,172 tons by foreign-funded companies, down 15.7 percent, and 4,141 tons by state-owned enterprises, down 76.7 percent.