date:Dec 05, 2012
Chinese boneless beef retail prices averaged RMB49.16/kg (A$7.60/kg) in October, an increase of 25% year-on-year and 17% higher than at the start of the year (Ministry of Agriculture of the Peoples Republic of China).
In contrast, both pork and chicken retail prices during October fell 19% (RMB 24.07/kg, A$3.70) and 7% (RMB 17.06/kg, A$2.65/kg) year-on-year, respectively.
The Hong Kong Wenweipo Newspaper also reported that the beef price rise has driven Chinese consumers to shift toward chick