date:Dec 03, 2012
e soybean meal price was 4.14 RMB/kg ($.663 USD/kg). National average feed costs were 3.14 RMB/kg ($0.503 USD/kg).
China's Consumer Price Index (CPI) continues to be quite interesting for the National Government. The CPI is made up of 30.49 per cent food found in the consumers' basket.
Pork is estimated to be about 1/3 of the food portion of the basket or in other words, about 8 to 10 per cent of CPI as a whole. Thus, with these calculations in mind, the price of pork in the entire CPI weigh