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Chinese Slaughter Heading for a Fall
CHINA - According to a new report, China's livestock slaughter industry is about to take a fall, as the pig industry shrinks under pressure and the poultry industry is sickend with flu.Report Buyer, the online destination for business intelligence for major industry sectors, has added a new report which finds that the prospects for the livestock slaughter industry look bleak in China.
The report, "China Livestock - Market Review & Outlook 2007-2008 Proposal", finds that private hog-raisers are facing difficulties in revitalising the industry due to skyrocketing feed prices as well as rising prices for piglets. Additionally, it finds that the poultry industry has been hard hit by bird flu late last year.
There has been a steep decline in the number of pigs in 2007 and the price of pork hit an all-time high in China. Analysts say that private hog raisers in China face increased market risk due to the low returns from hog breeding.
Authors of the report say that the Central Government took measures to prohibit private slaughter by closing down small-scale abbatoirs and limiting the number of large scale slaughter enterprises.
The study finds that the poultry business was hit hard by outbreaks of bird flu in various Asian countries including China, in the second half of 2007. Small scale slaughter houses have faced great difficulties in procuring flocks and herds for slaughtering, stopping production in several cases.
The report predicts that the breeding industry will face shortage of supply and that the slaughter industry is going to see noticeable changes.
This study covers hog and poultry inventory, slaughter, production and consumption. It predicts the trends that will affect the market in 2008, based on an in-depth analysis of the breeding and slaughtering industry in 2007.
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