Poultry prices in China have bounced back and purchases in the sector have increased in recent weeks, signaling an easing of worries about outbreaks of H7N9 avian influenza.
The price recovery followed the issuance of government subsidies to help the industry during its struggles. The price per kilo of dressed chicken hit $2.18 on May 15, which climbed from an annual low of $2.09, the People's Daily reported. The May 15 figure, however, was still 4.2 percent lower than what it was one year ago.
Since the scare hit in March, the industry has also seen an increase in purchases. According to data from the country's Ministry of Agriculture, the number of transactions increased 25.6 percent for the week of May 6 when compared to the equivalent week from April. The recovery still has a way to go, as the purchase numbers were still down 67.2 percent when compared to the early May figures of 2012.
The price recovery followed the issuance of government subsidies to help the industry during its struggles. The price per kilo of dressed chicken hit $2.18 on May 15, which climbed from an annual low of $2.09, the People's Daily reported. The May 15 figure, however, was still 4.2 percent lower than what it was one year ago.
Since the scare hit in March, the industry has also seen an increase in purchases. According to data from the country's Ministry of Agriculture, the number of transactions increased 25.6 percent for the week of May 6 when compared to the equivalent week from April. The recovery still has a way to go, as the purchase numbers were still down 67.2 percent when compared to the early May figures of 2012.
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