Shocking increase in fish prices shakes the Chinese food market

Published Sep 14, 2021

Tridge summary

The price of fish in China, which has increased by a half in the past year, is the latest shock in the country's food giant after a previous outbreak of swine fever tripled pork prices in 2019.

Original content

Fish used to be one of the cheapest sources of protein in China, but is now more expensive than chicken and more recently also pork. The latest official data shows that the average wholesale price of four freshwater fish species tracked by the country's Ministry of Agriculture has increased by nearly 40 percent year-on-year, with some popular species such as grass carp. prices increased even more. The price of grass carp on the Chinese market at the end of August 2021 was at 21.06 yuan ($3.27)/kg, about 60% higher than a year ago, while the price of pork dropped to 20.8 yuan/kg. The price of silver carp, formerly cheaper than tofu, is now twice the price of tofu. Pork prices in China this year fell by 60% thanks to a recovery in production and many resurgence of African swine fever, causing the wave of slaughtering a pig to increase in many localities. As of the end of June 2021, China's pig herd stood at 439 million heads, equal to 99.4% compared to the end of 2017, with the ...
Source: CafeF
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