March 31, 2010

 

China's pork prices continue to plunge
 

 

Pork prices in China have been falling continually since February 14 due to oversupply and declining demand after the Spring Festival, according to reports.

 

The current post-hip tip pork meat and streaky pork prices are down 12% and 14%, respectively.

 

Meanwhile, meat and egg prices dropped on Saturday (Mar 27). Vegetables, edible oil and aquatic products prices have seen slight fluctuations. Refined grains and dairy prices remain stable, according to reports.

 

The fall in pork prices occur throughout all of China's 31 provinces.

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