Friday, September 24, 2010

China commodity prices up across the board

China's major meat and feed commodity prices were up across the board for August from a month earlier, according to the Ministry of Agriculture.
Pork prices have been rising for two straight months, up 10% in August from July at 19.30 yuan per kilogram. Egg prices came in at an 8.4% increase from a month earlier to 8.66 yuan per kilogram, while dressed chicken rose 4% to 14.73 yuan. Beef and mutton showed small growth, 0.8%, to 33.55 and 34.61 yuan per kilogram, respectively.
Average corn prices in August rose 0.5% from the previous month and 17.9% year-on-year to 2.11 yuan per kilogram, while soybean meal prices grew 3.9% to 3.45 yuan per kilogram.

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