|
|
1st-Ld-Writhru: China's pork prices almost double in 12 months (2) |
 |
+ |
- |
08:39, August 15, 2007 |
Chen said pig populations on major farms rose 7.3 percent in July from July last year, up 2.1 percent on the previous month.
Sales of pig feed in June rose six percent from June last year, with feed for sows up 5.6 percent, and that for young pigs up 13.5 percent, Chen said.
He was supported by Xu Xihe, deputy director of the Market Operation Department of the Ministry of Commerce, who said pork prices would stabilize as more pork would come on to the market soon.
Future pork supply lay in large and medium-scale pig farms, Chen said.
The number of larger farms was rising while the number of pigs raised in small farms was declining, Chen said.
"Small-scale breeding generates little profit so pig farmers seek other livelihoods," Chen said.
"The initial investment, for stock, feeds and facility construction, is huge," said Liu Geyang, a farmer who raised three pigs.
"Who knows what pork prices will be when the pigs are sold," he said.
Source: Xinhua
[1] [2]
|
|
|
Comment
Tell A Friend
Print Format
Save Article