The city's sole importer of cattle from the mainland has raised the price of beef by 2.8 per cent.
Ng Fung Hong said owing to the continued rises in rearing costs and the value of the yuan, the wholesale price of live cattle would increase 2.8 per cent.
The price change would also help in maintaining supplies from the mainland, the company said.
Kowloon Beef and Mutton Merchants' Association deputy director Poon Chi said the wholesale price per 100 catties of beef would rise by HK$60 to HK$75. Retail prices would be decided by individual stores.
He said the increase was reasonable given the rising yuan.
Simon Wong Ka-wo, chairman of the Hong Kong Food Council, said feed price rises had contributed to rearing costs but the yuan was the strongest factor.
