Himfr reports that recently the prices of pork and eggs consecutive increases in the market but that would not trigger inflation.
Usually during the winter, as vegetable prices rise, consumers will increase demand for eggs, and egg prices will rise. In the current market, however, eggs prices are not rising as vegetable prices rise, which contributes to low volatility.
In mid-July, the price of eggs in the market began to rise; by August the price of eggs had risen from 156 RMB / case to 163 RMB / case, and then floated around this price range. By late August, egg prices had hit new heights: 156.5 RMB / case by August 24, 160 RMB / case by August 25, and even 170 RMB / case recently, a new high point. As of this week, egg prices had risen for five weeks, for a cumulative increase of 5.8%.
During the winter in China, North-South transport is subject to certain restrictions, which contributes to stagnant egg prices; with limited transport, farmer's will not go out of stock.
China's live hog price dropped 40 percent year on year to 9.56 RMB (1.41 U.S. dollars) per kilogram last June as a result of oversupply. The wholesale price of pork plummeted to 14 RMB per kilogram.
Due to various measures adopted by governments to combat declining price, the price picked up in the second half of 2009.
Live hog price rose to 12.36 RMB in the first week of 2010, up 29 percent compared with six months ago. The wholesale pork price grew 22 percent to 17 RMB.
Himfr predicted pork price would rise at a modest rate in recent days with the Spring Festival drawing near, which would drive up demand for pork.
But Himfr reminds consumers, in the most recent period, pork and egg price rises have happened too fast, and so egg and pork market are not stable and consumers should pay attention to observe and to avoid risks. - 30294
Usually during the winter, as vegetable prices rise, consumers will increase demand for eggs, and egg prices will rise. In the current market, however, eggs prices are not rising as vegetable prices rise, which contributes to low volatility.
In mid-July, the price of eggs in the market began to rise; by August the price of eggs had risen from 156 RMB / case to 163 RMB / case, and then floated around this price range. By late August, egg prices had hit new heights: 156.5 RMB / case by August 24, 160 RMB / case by August 25, and even 170 RMB / case recently, a new high point. As of this week, egg prices had risen for five weeks, for a cumulative increase of 5.8%.
During the winter in China, North-South transport is subject to certain restrictions, which contributes to stagnant egg prices; with limited transport, farmer's will not go out of stock.
China's live hog price dropped 40 percent year on year to 9.56 RMB (1.41 U.S. dollars) per kilogram last June as a result of oversupply. The wholesale price of pork plummeted to 14 RMB per kilogram.
Due to various measures adopted by governments to combat declining price, the price picked up in the second half of 2009.
Live hog price rose to 12.36 RMB in the first week of 2010, up 29 percent compared with six months ago. The wholesale pork price grew 22 percent to 17 RMB.
Himfr predicted pork price would rise at a modest rate in recent days with the Spring Festival drawing near, which would drive up demand for pork.
But Himfr reminds consumers, in the most recent period, pork and egg price rises have happened too fast, and so egg and pork market are not stable and consumers should pay attention to observe and to avoid risks. - 30294
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