China - Supply shortage drives pork prices higher, fueling inflation
http://www.wantchinatimes.com/news-subclass-cnt.aspx?cid=1102&MainCatID=&id=20110501000059
17-May-2011 (15 years 22 days ago)The recent scandal of pigs being fed with banned lean-meat producing drugs has worsened the supply shortage and pushed pig and pork prices higher, which may threaten the government's efforts to rein in inflation, experts said.
Pork prices have risen to an average 15 Chinese yuan (US$2.31) per kilogram, even 17 yuan (US$2.62) in Fujian Province, up from nine yuan (US$1.39) last year, which has encouraged pig farmers to increase their livestock numbers.
The high demand in the market also pushed up prices of two-month-old piglets after the Chinese New Year in February, according to the Chongqing Daily.
Pork prices have risen to an average 15 Chinese yuan (US$2.31) per kilogram, even 17 yuan (US$2.62) in Fujian Province, up from nine yuan (US$1.39) last year, which has encouraged pig farmers to increase their livestock numbers.
The high demand in the market also pushed up prices of two-month-old piglets after the Chinese New Year in February, according to the Chongqing Daily.