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Pork imports to climb 50%
Source: Bloomberg News |
September 9, 2011, Friday
|
Print Edition
Print Edition
CHINA will increase pork imports by about 50 percent this year amid tight domestic supply, with prices set to stay high until after the Lunar New Year, Qiao Yufeng, vice president of the China Animal Husbandry Association, said yesterday.
"Farmers haven't been adding to their herds fast enough as the high prices of piglets and uncertainty surrounding the market situation next year have suppressed" production, Qiao said. Imports were about 400,000 tons last year.
Prices of pork, the most consumed meat in the world's most populous nation, rose 57 percent in China in July, helping push inflation to 6.5 percent from a year earlier, the fastest pace since 2008. China may be unable to curb record pork prices because of insufficient state stockpiles and small farm herds, said Beijing Orient Agribusiness Consultant Ltd.
Qiao said: "Pork prices in China aren't likely to fall before Lunar New Year next year as the supply remains tight with rising consumption of animal protein during the festival and the fact that feed ingredient prices are all rising."
US pork exports will jump 23 percent or more this year on demand and prices in China, Brett Stuart, the co-founder of farm-industry researcher Global AgriTrends, has said.
As Chinese farmers boost herds, demand for soymeal, used in animal feed, is gaining, increasing imports of soybeans, said Guo Feng, vice general manager at Chinatex Grains & Oils Import & Export Co.
"Farmers haven't been adding to their herds fast enough as the high prices of piglets and uncertainty surrounding the market situation next year have suppressed" production, Qiao said. Imports were about 400,000 tons last year.
Prices of pork, the most consumed meat in the world's most populous nation, rose 57 percent in China in July, helping push inflation to 6.5 percent from a year earlier, the fastest pace since 2008. China may be unable to curb record pork prices because of insufficient state stockpiles and small farm herds, said Beijing Orient Agribusiness Consultant Ltd.
Qiao said: "Pork prices in China aren't likely to fall before Lunar New Year next year as the supply remains tight with rising consumption of animal protein during the festival and the fact that feed ingredient prices are all rising."
US pork exports will jump 23 percent or more this year on demand and prices in China, Brett Stuart, the co-founder of farm-industry researcher Global AgriTrends, has said.
As Chinese farmers boost herds, demand for soymeal, used in animal feed, is gaining, increasing imports of soybeans, said Guo Feng, vice general manager at Chinatex Grains & Oils Import & Export Co.
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