China Financial Daily

August 30, 2009

Pork prices actually compensatory growth

Filed under: Financial News — Tags: — lily @ 9:28 am -0700

Pork prices actually compensatory growth
In August, China’s meat and poultry product prices rapidly rising, which is the most representative of pork and eggs. In pork and eggs, under the leadership of the first half of August, the National Agricultural [11.19 3.61%] prices have broad based. August 17 to 21, the national average price of eggs for sale 3.24 yuan / kg, compared with the previous week, up 0.08 yuan / kg, compared with the previous month, an increase of 14.82%.

According to the National Bureau of Statistics estimated that in 2007, and January to July, 2008, pork prices rose 48.3% and 47.4% of the current impact of the general price level increases, respectively, 29.5% and 18%. In April 2008, pork prices rose 68.3%, driving the month CPI rose about 2 percentage points.

By the pork, egg prices have been rising continuously driven, livestock product prices recently suffered from rising. Prices of livestock products, but also led to higher feed prices, thus driving up food prices as a whole. Corn prices have been rising continuously 25 weeks, the cumulative gains of 17%. Coupled with the more serious the current drought in the north, strengthening the food and vegetable prices, hair-trigger a new round of agricultural prices. National Bureau of Statistics show that 11 to 20 August, 50 major cities across the country of 15 major agricultural products, there are 11 kinds of agricultural product prices rise to varying degrees.

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