CCTV.com - CNTV English - CCTV News

Pork price hike behind CPI surge

06-14-2011 21:10 BJT Special Report:China’s Economic Data for May |

Watch Video

Play Video

Standing at pork stalls, housewives feel compelled to do some arithmetic.

"I haven't seen any pork priced under 30 yuan per kilo for a really long time."

Pork merchants also frown upon the rising price.

Yu Xuejun, Pork Dealer said "The wholesale price was 16 yuan per kilo in May. It has raised over 10 percent since then."

The pork price now stands at a historic high. And it's a national concern.

Lu Jian, Vice Manager of Chengdu Farm Goods Market said "In the past, if the price in our province was higher than usual, we bought pork from other provinces where it was cheaper. But it won't work this time. The price is climbing everywhere. "

A short supply of pork is behind the hike.

According to figures released by the Ministry of Agriculture, national livestock on hand has been falling this year. There are now 5 percent fewer pigs compared to the same period last year.

And the supply needs time to catch up.

Chen Shizhong, Director of County Farming Office said "It takes over one year to raise pigs till they are ready to be sold. So I believe the price hike will continue for a while."

Economists say a 20 percent increase in pork prices will cause the CPI surge by 0.6 a percentage point.

That, to some extent, explains the high CPI figure.

Editor:Xiong Qu |Source: CNTV.CN

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program