Pork Price Drops to 30-Month Low

by 5m Editor
1 May 2013, at 8:46am

CHINA - Pork prices in China, the world's largest pork producer and consumer, have been declining since mid-February and reached their lowest point since January 2011 on Tuesday (30 April), Xinhua News Agency said.

Prices on Tuesday were more than 18 per cent down compared to prices on 11 February, the first day after Spring Festival.

Hebei, Shanxi, Liaonjing, Shandong provinces as well as Chongqing municipality led the declines with falls of up to 30 per cent.

In contrast, the price of beef and mutton on Tuesday rose from a day earlier as did the price of fruit.

But prices for vegetables and edible oil dropped.