As high costs for animal feed reduce profits and lead to declining pig herds, China is stockpiling frozen pork to control a feared round of soaring food prices next year. From Naveen Thukral at Reuters: Faced with sluggish...
From The China Blog – TIME: It’s always a good idea to pay attention to pork, and I say that not just because it’s so tasty. In China pork is a leading economic indicator. It’s the most consumed meat, especially among the poor, and when prices have gone up over the past year consumers have […]
“Surging food prices are starting to panic consumers in China – and sounding alarm gongs among the country’s top leaders.” From The Australian: Three people were crushed to death in the southwestern city of Chongqing at the weekend as they rushed to buy discounted cooking oil. Yesterday, the National Bureau of Statistics announced food prices […]
From Financial Times: Like tens of millions of shoppers across China, Zhou Benqi has had to change her buying habits to cope with sharply rising prices of pork and eggs, staple foods for any Chinese family. “Because of price hikes, an ordinary meal is a big constraint on us, as my pension has already been […]
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