August 12, 2010

Chinese pork and egg prices increase in August

China's pork and egg prices continued to grow in the first week of August, beef and mutton prices rose slightly and fresh milk prices keep steady, according to monitoring results issued by the Ministry of Agriculture.

Prices of live pigs saw a general increase, with higher prices in east China and lower prices in southwestern regions, according to the ministry.

After seeing an increase for 9 weeks in a row, the average prices of live pigs in the first week of August rose to RMB12 per kilogramme, up 1.4% from the previous week. And pork prices grew by 19.4% from the previous week.

In addition, the average prices of eggs saw a steady increase for 11 weeks, up 12%, and the prices in the first week of August stood at RMB8.4 per kilogrammes, up nearly 2%.

The results also show corn prices have risen by 38% since the end of February 2009.