Home Sign in Research report Data Center Industry News Custom Research About us
Research report:                          Automotive  |  Electronics  |  Mechanical&Automation  |  New Energy  |  Medical  |  Advanced Materials  |  Building Products  |  Transportation  |  Communication  |  Chemical  |  Finance  |  IT Industry  |  Food  |  Home Appliances  |  Forestry  |  Agriculture  |  Textile  |  Culture Industry  |  Consumer goods  |  Others  |
 Home > Industry News > Food > Text
China is expected to import more pork in the future
Author:Sino-report    Source:China Daily    Number of clicks :     Update time:2011-08-18 13:50
Sino-report News Center Aug 2011

BEIJING - China is expected to import more pork in the future if the domestic price of the country's staple meat continues to rise, experts said.
China's consumer price index, an important gauge of inflation, increased 6.5 percent in July above what it had been a year ago, according to the National Bureau of Statistics.
The inflation rate, driven primarily by increasing food costs, is at its highest point in 37 months. A big contributor to that increase has been the price of pork, which was nearly 57 percent higher in July than it had been a year ago, according to official figures.
"The central government may consider importing more pork in the future, especially when the country has been harmed by long-term increases in pork prices," said Wang Jimin, deputy director of the Chinese Academy of Agricultural Sciences' agricultural economics and development institute.
"The country will continue to see high pork prices in the next few months of the year. Those will eventually be in line with the prices found in overseas markets."
Wang said foreign meat suppliers will enjoy a heyday in China when domestic pork costs more than imported pork.
"That's possible, but it's hard to predict now when that will exactly happen," he said.
Statistics from the US Department of Agriculture showed that US exporters sent 192,500 tons of pork and pork-related products to the Chinese mainland in the eight months leading up to February 2011. Those had a total value of $169 million.
During the same period, another 63,600 tons of the products were exported to Hong Kong, and most of that was then re-exported to the Chinese mainland, according to the US Department of Agriculture.
The amount of pork from the United States is expected to increase throughout the summer and possibly into next year, the agricultural department said.
Analysts blame the stubborn rise in pork prices in part on the shortage now seen in the domestic meat supply. That, they say, has been the result of many farmers' current reluctance to raise pigs.
An increasing number of rural residents are choosing not to cultivate their fields amid the rapid urbanization occurring around them.
"Farmers now are not willing to spend their time and money raising pigs, which is a rather dirty and hard job compared with working in cities," Wang said.
Making matters worse has been the spread of various severe pig diseases, which have dented farmers' incomes and forced many of them to give up raising pigs, said Liang Haoyi, a researcher at the China Animal Agriculture Association.
In July, the Chinese government introduced a series of fiscal policies meant to drive down pork prices and ease worries about inflation.
One of them will result in 2.5 billion yuan ($391 million) being invested into large-scale pig farms this year. Beneficiaries of the policy will receive a 100-yuan subsidy for each of the pigs they raise and 800 yuan in compensation for every pig that dies from disease or other external causes.
"There is still a long way to go if new large-scale pig farms are going to provide the country's meat supply, since many of them now don't have much experience in raising pigs," Liang said.
Wang has other ideas.
"More subsidies should be given to lower-income earners to support their meat consumption," he said.


Order Online
Contact Us
Tel: 400-988-9999
Phone :+8615313587056
Online Consultation
Skype: Please Please
Latest Reports
[Food] China’s wines take center stage
[Food] Beer drinkers developing a taste for premium beverages
[Food] Herbal tea maker partners with Youku to tap younger segment
[Food] Protein ingredients market: Increasing demand for functional foods expected to boost market growth
[Food] China's catering market to exceed 4t yuan in 2018
Popular reports
Herbal tea maker partners with Youku to tap younger segment
Industry Data
China opens market to Kenya's agricultural products
China's publishing industry booming over past 40 years
Industrial Production Operation in July 2018
Total Retail Sales of Consumer Goods in July 2018
National Real Estate Development and Sales in the First Seven Months of 2018
NSDP/SDDS for the People's Republic of China
Market Price of Important Means of Production in Circulation, July 01-10, 2018
In the first five months of 2018, the profits made by industrial enterprises above the designated siz
Purchasing Managers Index for June 2018
Market Price of Important Means of Production in Circulation, June 21-30, 2018
In global EV battery shipments during Jan - Apr 2018, LG Chem and Samsung SDI ranked 4th and 6th
Based on Jan - Apr shipment record, Kia Motors Remain on Top 10 in Global PHEV Power Brands Ranking
Consumer Prices for May 2018
Producer Prices for the Industrial Sector for May 2018
Industrial Production Operation in May 2018
Investment in Fixed Assets for the First Five Months of 2018
National Real Estate Development and Sales in the First Five months of 2018
Producer Prices for the Industrial Sector for April 2018
Stable Performance for the National Economy in April
Total Retail Sales of Consumer Goods in April 2018
Industrial Production Operation in April 2018
National Real Estate Development and Sales in the First four months of 2018
Sales Prices of Residential Buildings in 70 Medium and Large-sized Cities in April 2018
Industrial Profits Increased in the First Four Months of 2018
Industry News
Iron and steel sector gains strength
China’s wines take center stage
Machinery manufacturing fair boosts Sino-Russian ties
Medical device manufacturers display their latest technology
Soybean farmers store crops amid hopes of higher prices
Tourism industry opening on agenda
Tech competition eases startups' access to China market
China's excavator sales grow 44.9% in October
China's solid waste imports continue to slump on tightened ban
Delivery orders jump 25.12% to 1.35b on Singles Day
Related Links
The prices of pork and live pigs climbed higher than the record set in 2008

Sitemap       |       Join Us      |       Customer Service       |       About Sino-report
Copyright © 2011-2025 Sino-report Consult Inc.
No.18 Zhichun Road, Haidian District. Beijing 100089.China
Information and data contained in this site is for reference only pursuant to operate your own risk