farm | food | videos | price | information | history

1320View
1m 38sLenght
27Rating

I NEED YOUR HELP! - Please Support Us, Become A Patreon & Get Extra Content http://www.Patreon.com/EliteNWOAgenda SUBSCRIBE to ELITE NWO AGENDA for Latest Updates - http://www.youtube.com/user/elitenwoagenda?sub_confirmation=1 CHINA PORK SHORTAGE - Pork Prices Soaring as Frozen Reserves Fail to Cool Market Too few pigs are headed to markets in pork-loving China, leading to soaring domestic prices and a rush of pork imports from the U.S. and elsewhere to fill the gap. Prices of the key ingredient in everything from lunchtime pork dumplings to fiery Sichuan-style mapo tofu have risen 48% in China in the last year. The average price of pork in the week ended April 2 was 25.67 yuan a kilogram (roughly $1.80 a pound), up from 17.35 yuan a kilogram a year earlier, according to China’s Ministry of Agriculture. High pork prices were felt in the latest inflation data out of China on Monday. Consumer prices were up 2.3% in March from a year earlier, steady from the previous month. The food-price component of the index was up 7.6% in March, led by higher pork and vegetable prices. Pork continues to hold a high weighting—around 3%, according to Rabobank—in the price of the basket of goods and services that is used to calculate the consumer-price index. Prices of pork in China, the world’s largest pork consumer, are higher than elsewhere in the world. For example, pork in Europe sells on average for 65 U.S. cents a pound. "The issue of being ... well-fed is an inflexible criterion that must be met. For the Chinese government, it's not just political, but it touches on the big issue of social stability," said Feng Yonghui, the chief analyst of the pig industry website diet weight loss China Chinese Protein Pork "Chinese Food" Beijing Asia Asian "Asian Food" Consumer Social Markets Trading "Stock Market" Supermarket Market Food Hunger Hungry pig organic "organic pork" farm farming farmer price cost sale reserve storage "food storage" "food supplies" bacon fresh "fresh food" chicken beef 2016 2017 news media entertainment 2018 money cash "street food" www.soozhu.com. "The government doesn't have a very high volume of reserves, so [any release] is likely to have only a limited effect," said Chenjun Pan, a senior analyst at Rabobank in Hong Kong. "They'll need to reduce their pork consumption and shift to other meats like duck she said. Chicken prices in Thailand - the fourth-ranked broiler meat exporter, after Brazil, the US and the European Union – "made a big move over the past week", broker Tisco Securities said, putting the increase at 7.0%. China in January last year, over bird flu concerns, banned imports of grandparent stocks for white broiler meat from the US, which had provided 90% of bird supplies. Imports from France, which supplied much of the remaining grandparent birds, were barred late last year, also over bird flu fears, leaving China reliant on residual suppliers, such as New Zealand, which have been unable to provide the necessary stock. Denmark doubling, and from Canada soaring more than three-fold. The sector ructions have had knock-on effects too, supporting for instance Chinese soybean imports, as hog producers - particularly large-scale enterprises – expand herds in an effort to meet pork demand.