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TAIWAN PORK PRICES WILL REMAIN HIGH OVER COMING MONTHS: OFFICIAL.
TAIPEI, June 2 Asia Pulse - Domestic pork prices will remain high until year's end because a large number of hog farmers have abandoned their business due to ever rising corn feed prices, a Council of Agriculture (COA) official said Sunday.
"The continued upward spiral of international grain prices since mid-2007 has forced 800 local farmers to quit the hog raising business and this is the primary reason behind the recent pork price hikes, " said Huang Ing-haur, director of the COA's Department of Animal Industry.
Noting that each hog ranch raises an average of 700 pigs per year, Huang said the closure of 800 hog farms means a decrease of 560,000 hogs in domestic production, which has tightened hog supply ...
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Source: HighBeam Research, TAIWAN PORK PRICES WILL REMAIN HIGH OVER COMING MONTHS: OFFICIAL.