October 21, 2008
In September, China's live pig prices fell more than 15 percent so that the cost is closer to the price.
Live pig purchasing prices begun to fall from the second quarter of 2008. Despite large demands during the Mid-Autumn and National Day holidays, price drops in September was much more than in July, declining to RMB 12-14 per kg due to high supplies in the domestic market.
According to statistics, the number of live pigs in Shijiazhuang, capital city of North China's Hebei Province, exceeds 2.78 million in the third quarter of this year, up 5.4 percent on-year. Purchasing prices of live pigs and piglets reach RMB 10.5 and RM 14 per kg respectively, down sharply from the start of 2008.