Chinese Online Class - Price down for 5th week in a row

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Price down for 5th week in a row
By Diao Ying
Updated: 2007-09-18 07:24

The price of pork has dropped for a fifth consecutive week, as government
measures begin to take effect.

Pork in 36 cities was priced at 25.56 yuan perkg last week, down 1.08
percent from the previous week, according to statistics from the National
Development and Reform Commission (NDRC). The pork price in 23 cities
dropped last week, while in other cities it stayed the same or increased
slightly.

Figures from the agriculture ministry show that the number of live pigs
in stock in August was up by 3.4 percent compared with the previous
month, and the number of pigs ready for sale increased 9.9 percent
year-on-year in a reversal of July's downward trend.

The number of sows in stock nationwide rose 3.8 percent in August from a
month earlier, which is 3.1 percentage points higher than the figure for
July.

Blue-ear disease, one of the causes of a pork supply shortage in recent
months, has been gradually brought under control in the affected area,
according to Agriculture Minister Sun Zhengcai.

The price of other meat and food fluctuated last week, according to the
NDRC figures. Beef in 36 major cities was sold at 25.3 yuan per kg, up
1.28 percent. Mutton was at 27.1 yuan per kg, up by 1.35 percent. Eggs
were priced at 7.86 yuan perkg, up 1.29 percent. Chicken was at 14.6 yuan
perkg, down by 0.41 percent.

More pork is expected to be consumed during the cooler weather and the
Mid-Autumn Festival on September 25, which is likely to push up the
price, a report from the Xinhua News Agency cited an official from the
NDRC as saying.

(China Daily 09/18/2007 page14)

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