Hong Kong to receive over 3,900 pigs a day
Hong Kong is to be supplied by Beijing with more than
3,900 live pigs daily to meet Lunar New Year demand and to help stabilise
The Lunar New Year festival is due to begin on February 7.
Commerce spokesman, Wang Xinpei, commented that the government is aware of the
importance of pork supplies for Hong Kong. It is soon to announce an additional
list of 31 authorised pig farms.
High pork prices
did warn, however, that pork prices in mainland China are soaring due to
shortages because of higher operating costs.
The three main Hong Kong
pig suppliers - Ng Fung Hong, Guangnan Hong and the Agriculture Special Zone
Development Association - have been called upon by the ministry to ensure
adequate supply during the festival.
Concern over pork supply has risen after wholesale
prices shot up 70% 10 days ago from HK$1,400 (US$179) per 100 catties (1 catty=
600g) to a record high of
Buyers said that the price hike was due to a drop in the number of live pigs
shipped to Hong Kong, but the government insisted supply had been stable in
The Chinese government has recently started to temporarily intervene in the
market to control the prices of some daily staples such as grain and meat to
counteract inflation by requiring major producers to obtain government approval
before raising their prices.
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