'No One Will Eat Pork If Price Rise Is Passed On'
"); jQuery("#212 h3").html("

"); jQuery(document).ready(function() { jwplayer.key='EKOtdBrvhiKxeOU807UIF56TaHWapYjKnFiG7ipl3gw='; var playerInstance = jwplayer("jquery_jwplayer_1"); playerInstance.setup({ file: "https://newsstatic.rthk.hk/audios/mfile_1469062_1_20190718185911.mp3", skin: { url: location.href.split('/', 4).join('/') + '/jwplayer/skin/rthk/five.css', name: 'five' }, hlshtml: true, width: "100%", height: 30, wmode: 'transparent', primary: navigator.userAgent.indexOf("Trident")>-1 ? "flash" : "html5", events: { onPlay: function(event) { dcsMultiTrack('DCS.dcsuri', 'https://news.rthk.hk/rthk/en/component/k2/1469062-20190718.mp3', 'WT.ti', ' Audio at newsfeed', 'WT.cg_n', '#rthknews', 'WT.cg_s', 'Multimedia','WT.es','https://news.rthk.hk/rthk/en/component/k2/1469062-20190718.htm', 'DCS.dcsqry', '' ); } } }); }); });
2019-07-18 HKT 17:13
Dwindling supplies from the mainland and the government's strict quarantine measures are pushing the pork trade in the city into crisis, with warnings that if wholesalers pass on the entire price increases to Hong Kong consumers, "no one will eat pork".
Traders said on Thursday that the government's quarantine measures against African swine fever are overly stringent and forcing many people out of work. They warned that if the current supply crunch does not improve soon, the only private slaughterhouse in the city may have to close down.
Pork traders said because of the mainland supply interruption after the virus was discovered in the Sheung Shui Slaughterhouse two months ago, the number of live pigs exported to Hong Kong has gone down by more than half. As a result, wholesale prices have surged more than double.
Hui Wai-kin of the Pork Traders General Association said prices have hit uncharted territory of more than HK$4,000 per 100 catties – up from just HK$1,500 before May. He said if wholesalers pass on the entire price increase to consumers, "no one will eat pork".
Hui blamed the government's quarantine measures for the supply shortage from the mainland.
He said authorities are imposing excessively stringent measures even though African swine fever does not affect humans.
The traders said the government should standardise quarantine requirements with its mainland counterparts, and learn from Macau which does not require mainland live pigs to be quarantined once they are approved by authorities across the border.
During a news conference, representatives of traders, wholesalers and truck drivers said their jobs are now at risk because of the supply problems.
They said they had also learned that the Tsuen Wan Slaughterhouse is planning to sack all pig truck drivers by the end of this month as the supply crunch is making its operation impossible.
OSL Group Raises US$200M To Expand Stablecoin And Payment Operations
OSL Group announced an equity financing of US$200 million (approximately HK$1.56 billion). The company intends to use t... Read more
Hong Kong Clinics Introduce Palm Verification For Contactless Check-In
Tencent and Bupa Hong Kong have introduced a palm verification check-in service across 20 Bupa clinics, including flags... Read more
19th Asian Financial Forum Concludes In Hong Kong With 800+ Investment Meetings
The 19th Asian Financial Forum (AFF) concluded on 27 January after two days of discussions and knowledge sharing. Over ... Read more
Hong Kongs HK$62B Wealth Fund Turns To Fintech, Aerospace And AI For Growth
The Hong Kong Investment Corporation (HKIC) is considering investments in fintech, aerospace and AI, as geopolitical sh... Read more
OSL Pay Integrates StraitsX Infrastructure To Enable USD Access
OSL Pay is embedding USD access into its platform through an infrastructure integration with StraitsX. The payments arm... Read more
South Korea Raises AI Budget Fivefold To US$1.67B In Race For Top 3 Global AI Status
The South Korean government plans to spend up to 2.4 trillion won (US$1.67 billion) this year to support AI adoption ac... Read more
