China - Livestock prices set to drop further in 2009

Wang Zhicai, director of the ministry's department of stock breeding said that live pig, milk and other major livestock products had experienced constant drops in price in 2008, and the weakness was expected to continue in the new year. Statistics from the ministry showed that by November 2008, the average pork price had been falling for nine months in a row, down 25.4 percent compared with its peak in February.