Cao Xianli, the owner of a 'ribs and rice' restaurant in eastern China...
China’s rocketing pork prices come after a deadly disease ravaged its huge hog herd, leaving the world’s top consumer of the meat short of about a quarter of its usual supplies. That’s about 13.5 million tonnes, more than the entire pork production of the United States.With pork by far the most popular meat in China, food inflation is running at its highest in almost eight years, surprising both seasoned economists and restaurateurs.
KFC is also using cheaper chicken parts, replacing wings with ‘strips’ of breast meat, and offering a ‘wing tip bucket’ in July and again in October. Though imports have surged this year, an expected 3 million tonnes of pork from abroad can’t plug domestic needs, and Beijing only has small volumes of frozen pork in state reserves.
But others have struggled to keep customers while raising prices. Xishaoye, a Beijing-based chain that specialises in ‘roujiamo’, the traditional Chinese pork bun, had to lower prices again after a small hike hurt business, said Ji Chen, a manager at one of the chain’s outlets. “Ingredients usually account for about 30-40% of costs, so if the cost of ingredients increases by 20% to 30%, the company is highly likely to lose money,” said Meng.
A customer eats a baked bun with chicken at a pork bun chain restaurant Xishaoye in Beijing, China November 22, 2019. REUTERS/Jason Lee u000d
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