date:Apr 10, 2013
a third of the rate of decline seen through most of the last six months of 2012 and driven more by the supply and demand dynamics in the pork production cycle that is dominated by small scale farmers.
Ting Lu, chief China economist at Bank of America/Merrill Lynch in Hong Kong, said that while food scares could cause inflation volatility in the near term, the long term impact of rising wages on food prices was more important.
Rising food prices are unavoidable in the future as Chinese farmers'