April 6, 2016

The price of pork in China has been rising since early March this year, the Chinese Ministry of Agriculture said.

Prices reached about 50% higher than the same period in 2015. The increase was attributed to tightening supplies which came as a result of lost businesses among Chinese farmers following a price drop in late 2014.

In a relatively uncertain Chinese market, local farmers are oblivious to market fluctuations as they tend to raise pigs individually, Ding Yifang, Senior Fellow of Institute of World Development said.

Even then, pork has a minor effect on the consumer price index and will not affect the "likelihood of inflation," Ding added. The recent hike will also have no influence on the government's decision to import more agricultural products.

Pork, consisted two-thirds of the overall meats in China, in 2014.