Chinese step up against pork price rises
The Chinese government has said it will take steps to keep pork affordable, following big rises in the price of the staple meat.
The government intends to stabilise the pork market without harming farmers’ incomes.
Beijing called on local governments to introduce measures to help farmers, for instance by giving subsidies to pig farmers and increasing feed supplies.
PRRS and feed costs
Due to a heavy PRRS outbreak, last year, and the rising cost of producing pigs, prices have been rocketing sky-high, creating fears of a broader surge in inflation.
The price of pork in e.g. Xian, the capital of Shaanxi province, has risen from 14 yuan (€1.36) to 17 yuan (€1.65) within a few days. In Shanghai, wholesale prices have hit 16 yuan (€1.56) – the highest in a decade.
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Beijing called on local governments to introduce measures to help farmers, for instance by giving subsidies to pig farmers and increasing feed supplies.
PRRS and feed costs
Due to a heavy PRRS outbreak, last year, and the rising cost of producing pigs, prices have been rocketing sky-high, creating fears of a broader surge in inflation.
The price of pork in e.g. Xian, the capital of Shaanxi province, has risen from 14 yuan (€1.36) to 17 yuan (€1.65) within a few days. In Shanghai, wholesale prices have hit 16 yuan (€1.56) – the highest in a decade.
For the latest pig news, subscribe here
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