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Beef Now the Costliest of All Meats in Guangdong

Date: 2012-11-01

Across the country, the rising beef price has drawn people’s attention in recent months.

In September, the rate of its increase topped all other food categories, and replaced pork prices as a major reason for CPI growth.

According to data collected by the Survey Office of the National Bureau of Statistics in Guangdong, the price of beef has shown a 34.6 percent year-on-year increase, the sharpest rise among all the categories. The price of mutton has experienced 16.4 percent growth while pork price has dropped 10.8 percent.

Now the price for one jin (0.5 kilograms) of beef can nearly buy twice as much pork.

"The beef price has been quite high recently. During this period last year, one jin only cost about 20 yuan, but now it’s more than 30 yuan," said Xu Jiansheng, who has been working in a local market for more than 20 years, and has helped the government to collect data for CPI statistics since 2007.

Insiders indicate that the unbalanced supply and demand is the main reason for the increasing price of beef. Needing more time and greater investment, raising cattle makes little money, so farmers are reluctant to expand the scale of breeding.