Ng Fung Hong

Beijing vows to break beef monopoly

Beef prices are up far more than for pork and poultry. Photo: May Tse

Beijing authorities have promised to study proposals to reform the live cattle supply to Hong Kong - including abolishing the Ng Fung Hong monopoly - according to a lawmaker who met mainland officials last week.

Saturday, 8 June, 2013, 4:16am

Wholesale price for marbled beef rises 4.5pc

The cost of enjoying a hearty hotpot will rise. Photo: Warton Li

Diners may have to dig deeper into their pockets if they want to tuck into quality beef as the territory's sole fresh beef distributor, Ng Fung Hong, yesterday announced a 4.5 per cent increase in the wholesale price of marbled beef.

6 May 2013 - 5:00am

City Digest, March 9, 2013

A three-year-old Australian girl died after she fell from the window of her second-floor bedroom at block two of Pacific View, Stanley at about 6pm last night. 

9 Mar 2013 - 5:03am 1 comment

Ng Fung Hong says live cattle import profits down 11pc

Wholesale beef prices went up six times last year. Photo: Edward Wong

In a rare public disclosure, the city's sole mainland beef distributor has reported a year-on-year fall of 11 per cent in gross profit on its live cattle imports.

15 Jan 2013 - 4:04am 1 comment

Supply of mainland meat comes under probe

Ko Wing-man, Secretary for Food and Health. Photo:Dickson Lee

An investigation into the supply of meat from the mainland is under way in an attempt to break a monopoly on wholesale beef, with a result expected in three months, the health minister said yesterday.

6 Jan 2013 - 4:06am

Calls to break monopoly of wholesale beef supplier Ng Fung Hong

The wholesale price of beef has risen 40 per cent from July to December.

Meat retailers have called on the government to break Ng Fung Hong's monopoly of wholesale beef, as they expect a quarter of the 500 players in the business to go bust after the Lunar New Year as a result of rising prices.

1 Jan 2013 - 4:20am

Ng Fung Hong ups beef prices by 6pc in year's sixth hike

Hongkongers will now have to pay even more for beef, after the city's sole mainland beef distributor Ng Fung Hong announced its sixth wholesale price increase in the year.

With effect from today, the wholesale price per kilogram will go up by HK$4.3 to HK$67.9 for regular beef and by HK$3.8 to HK$71.3 for premium beef.

22 Dec 2012 - 3:51am

Government to study Ng Fung Hong monopoly's effect on beef prices

Beef retailers protests outside Central Government Offices at Admiralty, before meeting Secretary for Food and Health Dr Ko Wing-man. Photo: Sam Tsang

The government said yesterday it would investigate whether to open up to competition the supply of fresh beef from the mainland to slow soaring prices.

17 Dec 2012 - 5:53am

Hong Kong should have a beef with its dodgy meat monopoly

Ng Fung Hong, the monopoly meat importer of Hong Kong.

I am grateful to the reader who drew my attention to the letter in Monday's edition of the South China Morning Post headed "HK's economy benefits from beef monopoly".

The letter defended Hong Kong's monopoly importer of mainland beef cattle, Ng Fung Hong, a subsidiary of China Resources Enterprise.

30 Nov 2012 - 2:53am 2 comments

Letters to the Editor, November 26, 2012

It is no surprise beef prices keep rising. Photo: Martin Chan

HK's economy benefits from beef monopoly

There have been calls, because of rising prices, for the scrapping of the monopoly of the sole distributor of mainland cattle in Hong Kong, Ng Fung Hong.

The company has raised the wholesale price of cattle five times this year and this has not been well-received by the public.

26 Nov 2012 - 2:58am 9 comments

Pork prices heading back down

Retail prices of pork are expected to fall today with a drop in yesterday's wholesale prices.

Wholesale prices of pork decreased to HK$1,600 per 100 catties yesterday from about HK$1,800 on Tuesday, Pork Traders General Association vice-president Hui Wai-kin said.

6 Dec 2007 - 12:00am

Auction boycott hits pork supply

Several small wet markets will have no fresh pork to sell today after a sudden decision by main supplier Ng Fung Hong to auction live pigs sent prices to new highs, prompting at least 30 distributors to boycott the sales.

5 Dec 2007 - 12:00am

Mainland pork prices hit HK shoppers

Hong Kong shoppers were paying more for their pork yesterday after supplier Ng Fung Hong raised the wholesale price of pigs 8 per cent to HK$1,300 per 100 catties due to surging mainland prices.

The main supplier of live mainland pigs said the increase took effect immediately due to rising pork prices across the border that showed no sign of slowing.

28 Nov 2007 - 12:00am

Rise in wholesale prices could push fresh beef to HK$52 a catty

The price of fresh beef could rise to HK$52 per catty soon after Ng Fung Hong, the sole supplier of mainland cattle, decided to raise its wholesale price by 10 per cent.

No date has been fixed for the change, although Ng Fung Hong says it has reached an agreement with beef dealers on the increase to the wholesale price.

24 Oct 2007 - 12:00am

Cattle imports rise amid deepening row

Live cattle imports rose to near-normal levels yesterday despite a deepening rift between dealers and sole mainland supplier Ng Fung Hong.

A total of 101 cattle were imported yesterday compared with fewer than 60 on average in the few days before.

17 Aug 2007 - 12:00am

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