Pork prices in China have continued to rise for the sixth straight week after averaging ¥18.98/kg on September 30, up ¥0.07 from a day earlier. The price of the country's most consumed livestock has been rising and fuelling food price gains since the number of pig farms began falling in 2005.
Feed prices have risen by one-third, or ¥200 for each pig, over the past three years. With rising costs of other factors such as disease control, many small farmers are no longer able to raise pigs. Farm-fed pigs totaled 434 million in number by the end of May 2011, a decrease of 69 million from 503 million in 2005, according to Agriculture Ministry figures. The ministry had predicted 520 million farm-fed pigs for the end of 2008, but the real number was 471 million.
Despite these rising costs for feed and disease control, each pig at a big farm in Shandong province is around ¥1,140, meaning paper profits for each pig sold range between ¥600 and ¥800 given the current wholesale pork price is ¥18/kg.
Feed prices have risen by one-third, or ¥200 for each pig, over the past three years. With rising costs of other factors such as disease control, many small farmers are no longer able to raise pigs. Farm-fed pigs totaled 434 million in number by the end of May 2011, a decrease of 69 million from 503 million in 2005, according to Agriculture Ministry figures. The ministry had predicted 520 million farm-fed pigs for the end of 2008, but the real number was 471 million.
Despite these rising costs for feed and disease control, each pig at a big farm in Shandong province is around ¥1,140, meaning paper profits for each pig sold range between ¥600 and ¥800 given the current wholesale pork price is ¥18/kg.
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