Posted on 12/09/2019 9:07:55 PM PST by ameribbean expat
A 110.2 per cent increase in the price of pork from a year earlier led to a further rise in China’s consumer prices in November, as African swine fever continued to take a toll on the country’s pig population, data released on Tuesday showed. The consumer price index (CPI) rose to 4.5 per cent from a year earlier, up from a 3.8 per cent gain in October, the highest reading since reaching the same level in January 2012, according to the National Bureau of Statistics.
***** In contrast, the producer price index (PPI), reflecting the prices that factories charge wholesalers for their products, was minus 1.4 per cent year-on-year in November.
That was better than October’s reading of a minus 1.6 per cent and above the 1.5 per cent increase expected by analysts. Despite the slight improvement, the negative price data still indicates manufacturers are increasingly having to discount their products due to the slowdown in the economy amid the trade war with the United States.
(Excerpt) Read more at amp.scmp.com ...
So why is not PETA, (people for the ethical treatment of animals) not upset about that? Because they are rabid leftists, opposed to any freedom that means “freedom.”
This could be the end of the commies. Hopefully
Sure wont make it any easier for sure.
Give it up, Xi. You nevah gonna win!
I wouldn’t care if every last one of the soulless Chinese fiends of cruelty starved to death. They are unspeakable personifications of Satan, every one of them, keeping animals under conditions which would make a stone statue weep, killing them in the most heinous ways possible, exterminating endangered species world wide. And sure as shootin’, some enterprising Chinese would gather the dead bodies of the starved to try and make a buck off ‘em.
Winning!
Yet they still have a tariff on American pork.
Bacon has about doubled here, too.
Pigs fly
That’s gonna mess up the gyoza and tonkatsu prices.
CC
This is good news for US pork farmers / processing.
That’s right. His crowing glory. This will bring the people to the streets and the Xi crowd to their knees, looking for a way to save face (and their asses).
I applied for a machine maintenance job at the Smithfield pork processing plant in my town about 4 years ago. They had just been bought a Chinese company. I wouldn’t be surprised if China doesn’t already have a good toehold in the American pork industry.
Agreed. I was a superintendent on a $340 million pork processing plant in Iowa 2 years ago and believe at least 50% was funded by Chinese investors.
Had I known there was so much money in pork, I would have skipped college and bought a hog farm instead.
Pooh Pooh platters more expensive now!
The Reston Ebola Virus (not human contagious) also called African Swine Fever is killing pigs in China and a half dozen other Asian countries like crazy. China has already lost 40% of its pigs and there is no cure. It is just common sense that the cost of pork will skyrocket.
The Chinese do love their pork. Take it to the streets people.
“This is good news for US pork farmers / processing”
In theory yes, but the huge Smithfield operation is Chinese owned already.
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