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China - Pork Prices Soar to Highest Prices in 12 Years

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  • China - Pork Prices Soar to Highest Prices in 12 Years

    Pigs will "fly" up?
    July 17, 2010 11:13:47 Source: International Business Daily 【font size】 【Message】 【Print】 【Close】

    Pork market since June there has been a more significant rally. This is reminiscent of the 2008 staging of the story: when the price of pork has skyrocketed in direct drive CPI surged to a record high of 12 years: 5.9%. So, why buck the trend this year, pork prices soar? The prices will not last forever?

    The price of pork has been the people's life has been the topic of concern, the general should be pork consumption in summer season, the price will be reduced slightly. But this summer the price of pork market has been going up instead of down the situation, since June there has been a more significant rally. This is reminiscent of the 2008 staging of the story: when the price of pork has skyrocketed in direct drive CPI surged to a record high of 12 years: 5.9%. So, why buck the trend this year, pork prices soar? The prices will not last forever?

    Hot, rising values shared Kadoba cold pork

    Last week, the reporter arrived at the gates of Beijing's Haidian District, farmers market will see the stall selling pork in the cold pre-Menting. A meat stall holders told reporters that now is the price of pork ribs around 13.5 yuan per catty, the price slightly higher than the other day, with hot summer days, would have less people eat meat, high prices lead to fewer customers now lonely business. He said special attention to the people for the price of pork, they should be prices way is to catch the early to the farmers market to buy meat, then the price is relatively cheap, but the reasons for the disappointing result in the meat market mainly hot. Another stall holders told reporters, now they can only sell four a day meat (each approximately 20 kg), with the peak ratio, this figure can be described as pitiful.

    Reporter recently emerging from Beijing to understand the market, 6 to 7 months, the white striped full month the wholesale price of pig movements exhibit a steady trend of rising price of pork rose from the bottom into the restorative period. Pig carcass from early June to 5.5 yuan / kg risen early in July to 7.1 yuan / kg; pure pork ribs from 10 yuan / kg rose to 13.5 / kg; of the haunch, prices of pork showed Xianchu up momentum.

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