Last month [February 2016], pork prices in Beijing’s major wholesale market, Xinfadi, rose by nearly 60 percent year-on-year. “A number of pig breeders exited the market years ago amid sluggish prices. The price hike is good for producers, but it’ll cut consumption in the long run.” Wang Bo, feed trader in Mianyang, Sichuan province “The government has done a lot to curb price hikes and improve welfare. It’s OK that the prices of some goods have gone up. A stable market can still be achieved.”…Full Article: China Daily Mar 2016

Key Point

  • According to a worker of a state-owned company based in Harbin, Heilongjiang Province, meat and vegetables prices have spiked from January to February 2016.

ChinaAg Comments

  • From January to March 2016, average pork prices in China increased from approximately CNY 29 per kg to CNY 30 per kg.
  • From 2013 to 2015, average pork prices in China increased from CNY 25.86 per kg to CNY 26.73 per kg.
  • Founded in 1988 and headquartered in Beijing, Xinfadi is Beijing’s largest wholesaler of agricultural products including fresh fruits, vegetables, meat, and seafood. The company’s wholesale markets are primarily located in southern Beijing and are used to supply the capital city.

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