16:17, 04.09.2009 — Новости
автор: OilWorld.Ru

DJ China Hog Prices To Rise Steadily On Festival Demand -Exec (ENG)


BEIJING (Dow Jones)--China's hog prices may rise steadily in the near term as
consumption is expected to increase with the onset of the national holidays, a
senior industry participant said Friday.

  The country has sufficient supplies to meet demand, and there isn't any
fluctuation expected in output, Ji Zhihua, deputy director general of the China
Feed Industry Association, said during a conference.

  Prices may start to fall from early 2010 once the Chinese New Year ends, she
added.

  The recent rise in meat prices in China won't cause overall inflation as the
government has sufficient grain reserves, and a balanced supply and demand will
also help guarantee stable prices, the National Development and Reform
Commission, the country's economic planner, said in a statement last Thursday.

  The current rise in pork prices is a recovery, and reasonable increases can
help protect farmers' interests, the NDRC said.

  Separately, feedmeal output this year is estimated to rise slightly to 140
million metric tons as demand recovers, despite a 5.4% fall in the first half,
Ji said.

  China's feedmeal output in the first half fell to 64.63 million tons, mostly
due to a 16% fall in poultry broiler feedmeal demand, she said.


  -Zheng Xiaolu contributed to this story, Dow Jones Newswires; (8610) 6588
5848; tracy.zheng@dowjones.com


  

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