Channel NewsAsia - 54 minutes
ago
Prices of
suckling pigs double due to supply shortage in
China
SINGAPORE: The prices of suckling pigs have doubled recently due to
a drop in supply from China, and a 5kg pig is going for as much as
S$180.
Restaurant operators said that more people in China can now afford
suckling pigs. With higher local consumption, fewer are
exported.
The AgriFood and Veterinary Authority (AVA) has also stopped some
of the five licensed pork suppliers from selling to Singapore after
finding a banned antibiotic, known as Nitrofuran, in their
pigs.
Between January and November last year, 108,300 suckling pigs were
imported, down from 220,000 in 2006.
As prices were already fixed in December last year, restaurants
have to absorb some of the price hike and expect lower profits this
year. CNA/ac