Pork prices decrease
By Wang Yanlin |
July 30, 2011, Saturday
|
Print Edition
Print Edition
PORK prices dropped last week after a month-long rally that helped drive China's consumer prices in June to a three-year high.
Wholesale prices edged down 0.2 percent from a week earlier to 26.11 yuan (US$4) per kilogram between July 18 and July 24 in 36 cities, the Ministry of Commerce said in a report on Thursday.
The State Council also initiated a campaign to stabilize market supply and retail pork prices.
"Local governments should support pig-raising business by improving farm environments and enhancing epidemic prevention to ensure a stable pork supply," the State Council said in a notice.
It also said governments should continue to give pig farmers a 100 yuan subsidy per pig each year to stimulate production.
Rising pork costs contributed the most in driving up inflation to a three-year high of 6.4 percent in June. Last month, pork prices climbed 57.1 percent from a year earlier, or 11.4 percent month on month.
A low supply triggered the price rises, commerce ministry spokesman Yao Jian said earlier.
Wholesale prices edged down 0.2 percent from a week earlier to 26.11 yuan (US$4) per kilogram between July 18 and July 24 in 36 cities, the Ministry of Commerce said in a report on Thursday.
The State Council also initiated a campaign to stabilize market supply and retail pork prices.
"Local governments should support pig-raising business by improving farm environments and enhancing epidemic prevention to ensure a stable pork supply," the State Council said in a notice.
It also said governments should continue to give pig farmers a 100 yuan subsidy per pig each year to stimulate production.
Rising pork costs contributed the most in driving up inflation to a three-year high of 6.4 percent in June. Last month, pork prices climbed 57.1 percent from a year earlier, or 11.4 percent month on month.
A low supply triggered the price rises, commerce ministry spokesman Yao Jian said earlier.
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