In this file:

 

… Wholesale pork prices, a major indicator for inflation, rose 2.1%, though prices were still 5.1% lower than in the same period a year earlier, the ministry said…

 

… Strong seasonal demand in the run-up to Chinese New Year in February, combined with icy weather, has driven up Chinese pork prices and raised concerns about inflation in China…

…A survey of 50 markets nationwide … revealed that retail pork prices were up for the fifth consecutive week, to CNY22.36/kg, a rise of 8.6% over the five-week period…

 

 

DJ China Food Prices Rose Last Week; Pork Leads Increases

 

By Chuin-Wei Yap - Dow Jones Commodities News Select via Comtex

on TradingCharts.com - Jan 15, 2013

 

BEIJING--Food prices in China rose in the week to Sunday, the Ministry of Commerce said in a statement issued late Monday.

 

China's food-price movements indicate inflationary pressures as food accounts for about a third of its consumer price index.

 

Wholesale pork prices, a major indicator for inflation, rose 2.1%, though prices were still 5.1% lower than in the same period a year earlier, the ministry said.

 

Wholesale vegetable prices rose 1.2%, continuing a 10-week trend as supply tightened amid winter.

 

Beef and mutton prices rose 0.5% respectively, it said. Edible oil prices rose about 0.2%, it said.

 

Egg prices rose 0.4% from a week ago, posting an eighth straight week of increases.

 

(END) Dow Jones Newswires

01-15-13 0435ET

 

source url

http://futures.tradingcharts.com/news/futures/DJ_China_Food_Prices_Rose_Last_Week__Pork_Leads_Increases_191480987.html

 

 

China pigmeat prices surge

 

By Mark Godfrey - GlobalMeatNews

15-Jan-2013

 

Strong seasonal demand in the run-up to Chinese New Year in February, combined with icy weather, has driven up Chinese pork prices and raised concerns about inflation in China.

 

Data published by China’s Ministry of Agriculture shows prices for slaughter-ready pigs at Chinese Yuan Renminbi (CNY) 16.60/kg (US$2.66) in the first week of January, up from CNY15.4/kg in the first week of December.

 

A survey of 50 markets nationwide, released by the ministry on 4 January revealed that retail pork prices were up for the fifth consecutive week, to CNY22.36/kg, a rise of 8.6% over the five-week period. This follows on a survey of 36 cities by China’s Ministry of Commerce, which showed wholesale pork prices rose 0.9% on average between 24 and 30 December, although prices remained down 6.1% year-on-year.

 

A Ministry of Agriculture statement said the rise in prices was down to a surge in demand for cured ham products in the run-up to Chinese New Year, a festival that commences on 9 February.

 

The ministry also pointed to unusually cold weather, which hampered shipments of pork supplies, particularly in the country’s north, which experienced temperatures as low as -20°C on Christmas Day. Icy roads made deliveries of pigs to slaughter difficult, but also caused unusually high mortality rates among young pigs in key pig farming provinces, such as Heilongjiang, Liaoning and Shandong.

 

Local media in Sichuan, meanwhile, reported the release of carcases from the provincial government’s frozen reserves of pork, a mechanism used by Chinese authorities to guide the price of pork, considered a key driver of inflation in the country.

 

China’s consumer price index (CPI) rebounded to 2.5% in December...

 

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http://www.globalmeatnews.com/Industry-Markets/China-pigmeat-prices-surge