CHINESE BEEF PRICES SOAR AS LOCAL BEEF HERDS SHRINK
November 3rd, 2013
CHINA'S beef prices have been soaring as wealthier consumers consume more meat, and switch to beef from pork. But there are more fundamental issues at stake, not least the collapse in local herd numbers.A supply shortage has meant whole sale beef prices pushed to a "critical juncture" of Chinese Yuan Renminbi CNY60 per kilogramme in the second half of 2013, according to a report entitled ‘China Livestock Research and Investment 2013-2017’ produced by the Beijing-based China Suppliers Institute (CIS) - http://www.hyzsyjy.com, a China-business ...
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