August 10, 2011
Weekly pork prices stall in China
China's wholesale pork prices in the week to August 7 stayed flat, halting two weeks of decline, the Ministry of Commerce said Tuesday (Aug 9).
The latest data come amid signs that China's inflation unexpectedly accelerated in July, rising 6.5% from a year earlier, at the fastest rate in more than three years.
Wholesale pork prices reached a record RMB26.15 (US$4.07)/kg in mid-July but the government sought to rein in prices by releasing frozen-pork stockpiles and stimulating hog production.
Prices of other meats also rose last week, the ministry said Tuesday. Mutton, chicken and beef prices rose 0.2%-0.4% while egg prices were up 0.7%.
