From BBC News:
The Chinese government has said it will take urgent steps to keep pork affordable, following big rises in the price of the staple meat.
China is the world’s largest consumer of pork, which is used in many traditional dishes. But widespread disease and the rising cost of raising live pigs have pushed up prices, fanning fears of a broader surge in inflation.
Beijing’s credibility rests on Chinese economic stability, analysts say.[Full Text]
Although China’s pork crisis is attributed to the recent outbreak in “blue-ear disease,” some point to the rise in the price of pork feed as the main problem. See also the Christian Science Monitor’s “As Pork Prices Soar, Chinese Put Brakes on Corn for Ethanol.”
