Ag Ministry: Pork Prices Continue 8-Week Rally

CHINA - Pork and egg prices continued to grow in the first week of August, beef and mutton prices rose slightly and fresh milk prices keep steady, according to monitoring results issued by the Ministry of Agriculture yesterday.
calendar icon 11 August 2010
clock icon 2 minute read

Prices of live pigs saw a general increase, with higher prices in east China and lower prices in southwestern regions, according to the Ministry of Agriculture.

After seeing an increase for 9 weeks in a row, the average prices of live pigs in the first week of August rose to 12 yuan per kilogram, up 1.4 per cent from the previous week. And pork prices grew by 19.4 per cent from the previous week.

In addition, the average prices of eggs saw a steady increase for 11 weeks, up 12 per cent, and the prices in the first week of August stood at 8.4 yuan per kilograms, up nearly 2 per cent.

The results also show corn prices have risen by 38 per cent since the end of February 2009.

© 2000 - 2022 - Global Ag Media. All Rights Reserved | No part of this site may be reproduced without permission.