The prices of several commodities popular in China over the Lunar New Year holidays have seen a significant drop due to the government’s ongoing frugality drive. This policy to avoid waste and excessive spending on the part of officials has kept the price of pork relatively low and has driven down alcohol prices to boot, reports our sister paper Want Daily…Full Article: WantChina Times Jan 2014

Key point

  • According to the article, pork prices fell to 6.3 yuan (US$1.04) per kg

ChinaAg Comment

  • From January to December 2013, Chinese pork prices decreased from US$4.44 per kg to US$4.33 per kg (average of 50 cities)

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