Licence scheme has little effect on local market
According to the Competition
Policy Advisory Group, the voluntary licence surrender scheme for pig farmers in
Hong Kong will not have a significant long-term effect on the local pig
The Competition Policy Advisory
Group believes that, due to the slow decline in the number of local pig farmers,
there may be concern over insufficient competition as well as increased
dominance of Ng Fung Hong.
There is, however, still a wide
range of substitutes to fresh pork, and so, the competition in the market may be
maintained. Chilled pork from the Mainland is widely regarded as a major
competitor of fresh pork. The Health, Welfare & Food Bureau will discuss
with Mainland authorities the feasibility of opening up the live pig market.
The Group says that the
importation of chilled pork from the Mainland should be seen as a positive
development for the local pork industry as it offers greater diversity of meat
supply sources and offers consumers a choice.
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