China: more pigs on market for lower pork price
China has begun releasing pigs from its central reserves into the domestic
market to fight the ever-increasing pork prices.
The high prices for pork have already helped boost inflation to 11-year
Under a plan issued by the Chinese ministry of
finance and the ministry of commerce, China is releasing 30,000 metric tonnes of
live pigs from its central reserves between September 10 and October 15, Dow
Jones Newswires reported.
Allegedly, the pigs will be released into
22 cities, and will be priced slightly lower than market prices.
prices have been stabilising in recent weeks after sharp rises due to PRRS and
Meanwhile, it is expected
that China's pork supply may not fully rebound to normal levels until the summer
of 2008, said the vice chairman of China Animal Agriculture Association, Qiao
Production costs remain high, so prices are likely to stay
relatively high till then, he said.
"It simply takes time to increase
the number of piglets and to rear pigs," Qiao said.
As a breeding
cycle normally takes one year, it is hard to increase market supplies rapidly.
"And this (shortage) happens at a time when prices of agricultural products,
which are used to produce the feed, are rising quickly," Qiao said.
â€¢ China Animal Agriculture Association
â€¢ Chinese ministry
â€¢ Chinese ministry of commerce
â€¢ Dow Jones Newswires
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