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China's agricultural trade deficit falls 67.2 pct in Jan-May (2) |
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19:52, July 10, 2007 |
The deficit in livestock products widened in the past five months, up 150 percent from the same period of last year to 910 million U.S. dollars.
The import of live pig products surged 102 percent, and exports were slightly down by 5.1 percent.
China has seen an outbreak of blue ear pig disease that led to a mass culling in the first half of the year, and it has sent pork prices higher in major cities due to a shortage of pigs.
China first reported a trade deficit in the agriculture sector in 2004. The deficit continued for three consecutive years, dropping from 4.9 billion U.S. dollars in 2004 to 1.5 billion U.S. dollars last year.
Source: Xinhua
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