July 19, 2011

 

Fish costs in China's Jiangxi rise on higher pork prices

 

 

The value of freshwater fish in China's Jiangxi province has risen to as much as 7.5% on a weekly basis due to the rising cost of pork, according to the provincial commerce department.

 

Carp prices on July 13 had gained 7.5% from a week earlier, according to a report posted to the website of the Department of Commerce of Jiangxi Province. Prices for Chub gained 5.4% and crucian carp by 4.5% in the same period, according to the report.

 

Demand for freshwater fishes, generally half the price of pork, "rose significantly" in recent weeks, causing supplies of fish to be insufficient, according to a separate report posted July 13 to the website of Jiangxi price bureau. The price of live hogs in Jiangxi reached RMB9.61 (US$1.5) for half a kilogramme by June 30, an 82% increase from a year earlier, the Jiangxi price bureau reported.

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