Pork Prices Rise to New High
Pork prices have risen to a new high in Shenzhen with prices at 26.4 yuan a kilogram. This new price is said to be the highest and have cause pork sales to drop radically. With the pork price increasing by almost 78 percent, most sellers are blaming a stock shortage and the increased feed costs as some of the factor for the increase.
The number of pig farmers has been dwindling in past years when the price of pork dropped too low, resulting in the current supply shortage. In 2008 the price of corn was at 1,700 yuan a ton, today a ton of corn costs 2,500 yuan.
Another reason for the shortage of pork was the spread of pig disease, which many farmers suffered causing around 80 percent of deaths in pigs. This also caused a very low weight gain among the pigs. One farm had around 11,000 pigs but none weighed more that a hundred kilos and therefore didn’t reached marketable standards. Some of the older and bigger pigs succumbed to the disease.
Pork sales have dropped over the past two years, with many people buying alternative meats such as chicken or beef believing pork to be too expensive. Stores in Shenzhen also report slow sales of pork with a decrease in sales of around 8 percent.
Still, the city agricultural department has assured residents that prices of pork in Shenzhen are reasonable compared with prices in different provinces, since Shenzhen has several farms located nearby while other provinces get their supplies from other provinces.