Chinese farmers can avoid losing money in raising pigs as long as the live pig price is 5.5 times of maize price, an official said at a news briefing on Thursday [5 November 2015]. The break-even point, or ratio between pig price and maize price, has changed to 5.5:1 from the former 6:1, said Xu Kunlin, head of the Price Department under the National Development and Reform Commission (NDRC)…Full Article: Xinhua Finance Nov 2015
- According to the Director of the NDRC’s Price Department, nearly 50% of all pig farms in China produce at least 500 hogs annually.
- From 20 March and 17 July 2015, Chinese pork prices reportedly increased more than 20% owing to declining hog populations and rising feed/labor costs.
- From January 2010 to July 2015, China’s pork prices increased from US$2,890 per MT to US$4,550. Prices peaked at an average of US$4,738 from July to October 2011, and reached a low average of US$2,460 April to June 2010.
- China’s CPI (2010 as the base year, 2010=100) increased from 105.4 in 2011 to 111 in 2013. The price of food comprises roughly one-third of China’s Consumer Price Index (CPI), while pork accounts for nearly 3% of China’s CPI.