Feed prices result in record pig prices

14-05-2008 | |
Feed prices result in record pig prices

Pig prices in Taiwan have reached a nine-year high. As a result of the high feed prices, the animals were sold yesterday for NT$7,010 per 100 kilograms (€146.7).

Prices of pigs have been going up at a rapid pace.
Just in the bottom half of last year, pigs were sold for NT$4,700 per 100
kilograms (€98.3). In February, prices shot up to NT$6,000 (€125.5), before
going up to an average of NT$6,491 (€135.8) for the month of April. Just over
the first few days of May, prices went up to NT$6,886 (€144) and reached
NT$7,012 over the weekend, breaking the NT$7,000 level.

Things did not
improve much yesterday — the first trading day of the week after the Monday
close of traditional markets island-wide — as pigs were sold at NT$7,010 per
100 kilograms.

The last time pig prices broke the NT$7,000 level was in
the summer of 1999, due to a mass culling of pigs in the aftermath of the
foot-and-mouth disease that broke out in 1997.

Subscribe here to the free animal
feed newsletter


2/3 articles remaining | Register to continue reading.