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BIZCHINA / Top Biz News
Pork prices fall with live pigs rise
(Xinhua)
Updated: 2007-09-16 09:54
Pork prices have been declining since August, as the supply of live pigs
was on the rise, said?Chinese Agriculture Minister Sun Zhengcai Saturday.
The price of pork, the country's staple meat, had fallen to 18.98 yuan
(US$2.53) per kilogram on September 5, down from 21.4 yuan (US$2.85) on
August 9, representing a 11.3 percent drop within nearly a month,
according to figures from the ministry.
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Live pigs in stock went up by 3.4 percent compared with the previous
month, and pigs ready for sales reported a 9.9 percent increase year on
year to reverse the declining trend recorded in July, according to Sun.
The number of sows in stock nationwide rose 3.8 percent in August from a
month earlier, which is 3.1 percentage points higher than the figure for
July, said the minister at a pig production conference held in Chengdu,
capital of southwest China's Sichuan Province.
The blue ear pig disease, which caused pork supply shortage and fuelled
price hikes in recent months, was gradually brought under control within
the affected area, the minister said.
He said cases of the outbreak of the blue ear pig disease were down by 52
percent in July from a month earlier, with pig deaths from the disease
falling 36 percent over that for June.
The disease still lingers in 14 Chinese counties, according to previous
figure.
Chinese officials repeatedly reassured the citizens that pork prices were
unlikely to rise by a large margin in the long run, but admitted that
short-term turbulence in the pork market could be "inevitable".
(For more biz stories, please visit Industry Updates)
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