Agri-products companies under pressure

CHANGCHUN: The deepening financial crisis has taken a toll on local agri-products processing companies, as orders slow to a trickle due to sluggish domestic and abroad market demand.

A steep drop in the number of orders and plunging prices have affected the revenue of Jilin Deda Co Ltd, a poultry processing company in Jilin province, Chen Yuhe, its vice-executive said.

The average price of chicken meat was 9,395 yuan ($1,400) per ton in the first nine months last year, but the price fell to 8,000 yuan per ton in October and slid another 500 yuan in November.