Chinese officials optimistic about pork prices
The Chinese pork price increase is starting to slow
down with the steady supply of pork to markets.
That was said by Chen Weisheng, deputy director of the stockbreeding industry
department of the ministry of agriculture. He said the live pig-raising business
is beginning to pick up.
Although there has been a decline in the
number of small pig-breeding farms, the number of large ones are growing, Chen
said, citing the conclusions of 20 inspection groups sent to major pig-rearing
counties in China.
He added, "It will be better with incentives and
the guidance of an encouraging policy."
the positive sounds, China's 'corporate pork price' rose 11.5% in July from a
It was even an 85.8% increase on the same month last year,
according to figures from the People's Bank of China, released earlier this
The corporate goods price, previously known as the wholesale
price, refers to prices paid by domestic companies. In a related development, in
July, frozen pork prices rose 89.2% over the same period last
The soaring price contributed significantly to China's
33-month-high Consumer Price Index. This rose 5.6% from July
Chen was not the only one being
optimistic. He was backed up by Xu Xihe, deputy director of the department of
market operation regulation of the commerce ministry.
On the central
government's website Xu said the main reason for the sharp increase in pork
prices was due to low prices last year.
The outbreak of PRRS in some
regions, and an increase in feed prices were also factors.
the sharp price increases, China recently encouraged pig-breeders to boost their
stocks. The government promised subsidies and better
â€¢ Chinese government
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