April 16, 2008

China's livestock industry seen to perform better

China's livestock industry is developing well as indicated by the resumption of live pig breeding and the increased milk output driven by large profits, the Ministry of Agriculture reported.

The country's milk output is expected to increase by 11.8 percent on-year in the first quarter of 2008.

In March, China's major milk production provinces reported an annual increase of 50.3 percent in the average raw milk price that reached RMB2.93/kg (US$0.42).

The strength of prices encouraged dairy farmers to produce more, the ministry said.