Surging Chinese fish prices stir up food supplies
By Hallie Gu and Gavin Maguire, Reuters
Sep 10, 2021
BEIJING/SINGAPORE, Sept 10 (Reuters) - Chinese consumers are having a hard time stomaching a nearly 50% jump in fish prices from a year ago, which mark the latest shake-up to the country's vast food sector following a deadly hog disease outbreak that saw pork prices triple in 2019.
Fish had previously been among the cheapest sources of protein in China, but is now more expensive than chicken and recently also higher than staple pork.
Average wholesale prices of four freshwater fish monitored by the country's agriculture ministry jumped almost 40% from the previous year, according to latest official data, and some popular fish such as grass carp are up by more.
Grass carp were at 21.06 yuan ($3.27) per kilogram by end of August, up about 60% from a year ago, and pork dropped to 20.8 yuan, according to the data.
While pork prices have plunged 60% this year on higher output and more African swine fever outbreaks that sent waves of pigs to slaughter, the steep rally in the fish market has helped lift China's consumer prices for six straight months...
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