Stable pork prices as stocks rise
Source: Xinhua |
July 11, 2011, Monday
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Print Edition
Print Edition
A senior government official in charge of animal husbandry with the Ministry of Agriculture predicted yesterday that pork prices will gradually stabilize in July or August as farmers increase their live pig stocks.
The public has been engaged in heated discussions online regarding pork prices recently with some saying that the prices are "crazily" high and they cannot afford the meat.
Data from the National Bureau of Statistics showed pork prices in June surged 57.1 percent annually, contributing 21 percent to the nation's inflation as the Consumer Price Index in the month jumped 6.4 percent, the highest level in three years.
The price has also climbed by 11.4 percent from May as the price growth accelerated by 8.8 percentage points. Pork in Beijing yesterday rose to 36 yuan (US$5.50) per kilo.
Wang Zhicai, director of animal husbandry under the ministry, said the high pork price was primarily due to the surging cost of raising pigs. "Feed-stuff and corn prices reached 2.18 yuan per kilo on average in the first half of the year, that's up 10.7 percent from a year ago," Wang said.
"To raise a pig until it grows to 100 kilos, the cost is 1,350 yuan, and that's 23.3 percent more than last year," Wang said.
In the first six months, 4.8 percent fewer live pigs were sold on the market, he said.
"More farmers are choosing to work in cities, that means the number of individual breeders of live pigs is also going down, which has an effect on market supplies," Wang said.
According to data collected from 420 trade markets, pork prices in June shot up 66.5 percent year on year, while the price of live pigs surged 81.9 percent to reach 17.54 yuan per kilo.
Wang said prices of live pigs are now at a relatively high level and that price increases of live pigs will be limited in the coming months.
He predicted the rise in pig prices will gradually ease but as pig-raising costs are high, prices will remain high.
In order to stabilize the meat market, local governments should implement the central government's guidelines in rewarding major pig-raising counties and stepping up support for the construction of standardized pig farms, Wang said.
The public has been engaged in heated discussions online regarding pork prices recently with some saying that the prices are "crazily" high and they cannot afford the meat.
Data from the National Bureau of Statistics showed pork prices in June surged 57.1 percent annually, contributing 21 percent to the nation's inflation as the Consumer Price Index in the month jumped 6.4 percent, the highest level in three years.
The price has also climbed by 11.4 percent from May as the price growth accelerated by 8.8 percentage points. Pork in Beijing yesterday rose to 36 yuan (US$5.50) per kilo.
Wang Zhicai, director of animal husbandry under the ministry, said the high pork price was primarily due to the surging cost of raising pigs. "Feed-stuff and corn prices reached 2.18 yuan per kilo on average in the first half of the year, that's up 10.7 percent from a year ago," Wang said.
"To raise a pig until it grows to 100 kilos, the cost is 1,350 yuan, and that's 23.3 percent more than last year," Wang said.
In the first six months, 4.8 percent fewer live pigs were sold on the market, he said.
"More farmers are choosing to work in cities, that means the number of individual breeders of live pigs is also going down, which has an effect on market supplies," Wang said.
According to data collected from 420 trade markets, pork prices in June shot up 66.5 percent year on year, while the price of live pigs surged 81.9 percent to reach 17.54 yuan per kilo.
Wang said prices of live pigs are now at a relatively high level and that price increases of live pigs will be limited in the coming months.
He predicted the rise in pig prices will gradually ease but as pig-raising costs are high, prices will remain high.
In order to stabilize the meat market, local governments should implement the central government's guidelines in rewarding major pig-raising counties and stepping up support for the construction of standardized pig farms, Wang said.
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