国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Economy

Pork prices may extend gains

By Hou Qingyang (China Daily)
Updated: 2010-04-28 09:41
Large Medium Small

Pork prices may extend gains

Workers at a meat wholesale market move pig carcasses in Shanghai.[Agencies]


BEIJING - Pork prices may extend gains in the second half of this year after low meat prices and high feed costs forced farmers to reduce livestock numbers, further boosting food price rises.

"I am afraid that farmers cannot break even and will have to kill pigs," said Liu Yonghao, chairman of New Hope Group, a leading domestic feed producer and agribusiness operator. "If livestock numbers fall, prices will go up."

Pork prices may extend gains

Statistics of the Ministry of Agriculture show the average pork price was 17 yuan a kilogram in March, down 7 percent from February. The price declined slightly in the first two weeks of April, averaging at 16 yuan per kilo.

Farmers are also squeezed by high feed prices as grain prices advance. By the end of March, corn prices had risen for 21 weeks. As of March, pig feed prices had seen a 9 percent year-on-year increase.

In an effort to stabilize pork prices and help pig farmers, the government launched two purchases of livestock this year, both in April.

According to a statement from the Ministry of Commerce, hog prices gained 1.3 percent last week, posting a second week of gains after a three-and-half-month decline.

Related readings:
Pork prices may extend gains Drought causing food prices to increase
Pork prices may extend gains Weather hits food prices
Pork prices may extend gains Food prices surge hit consumers
Pork prices may extend gains Food, retail giants cut prices to offset crisis

Government purchases are just a temporary measure. Liu said the fundamental solution to end the fluctuating pork price is intensive farming, because small farmers do not have the resources to undertake market research and hedge risks.

"Ups and downs are usual in agribusiness, however, individual farmers are often too small to cope," said Liu.

A report from Southwest Securities said pork prices will increase after the hog price rally, pushing up food prices, a major component of the nation's consumer price index (CPI) package. "If CPI for April and May ends up higher than 3 percent, (the central bank) is very likely to raise interest rates."

Many analysts forecast big gains for pork in the second half of this year. Hu Wenzhou, an analyst at BOC International, said if government purchases can help farmers break even, which means hog price is six times the grain price, the hog price will rise by 10 percent over last year.

青铜峡市| 安福县| 天门市| 彰化县| 林口县| 铁力市| 肃南| 阜新市| 霍邱县| 鹤岗市| 丽水市| 衡东县| 灌南县| 温州市| 宜兴市| 安图县| 武义县| 绥芬河市| 龙泉市| 湾仔区| 阿瓦提县| 甘德县| 临泽县| 阳东县| 蓝山县| 曲阜市| 奈曼旗| 刚察县| 越西县| 鄂伦春自治旗| 福海县| 牡丹江市| 江孜县| 沾化县| 土默特右旗| 平阳县| 高州市| 绥滨县| 全南县| 观塘区| 绥芬河市|