Pork price rise in China again
In a statement by the Chinese ministry of commerce,
pork prices rose once again last week after having fallen for a period of nine
"In the last fortnight, wholesale pork prices have
increased on average by 0.2% to 17.79 yuan (US%2.37) per kg on October 12 and by
some 5.9% in a number of cities."
Soaring pig prices, resulting from increasing feed costs
and blue ear pig disease, have increased the consumer price index (CPI) by 6.5%
in August. According to China's Central Bank governor, Zhou Xiaochuan, the CPI
is the key criteria for interest rate increases.
The battle against
â€¢ Chinese ministry of commerce
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