Sino-Singapore Jingwei Client, August 10, According to the monitoring of the Ministry of Agriculture and Rural Affairs, as of 14:00 on August 10, the average price of pork in the national agricultural product wholesale market was 48.55 yuan, up 0.2% from last Friday, marking the third consecutive working day rise.
New latitude and longitude in the data map
Earlier today (10th), the National Bureau of Statistics announced the latest data that in July 2020, the national consumer prices rose by 2.7% year-on-year. The National Bureau of Statistics pointed out that in July, the price of livestock meat rose by 61.1%, affecting the increase of CPI by about 2.90 percentage points, of which the price of pork rose by 85.7%, affecting the increase of CPI by about 2.32 percentage points.
Prior to this, on the evening of August 4, Huachu.com issued a notice stating that the Huashang Reserve Commodity Management Center Co., Ltd. organized and implemented the central reserve frozen pork release work and will put 20,000 tons in the warehouse on August 7. A review found that the central reserve frozen pork traded on August 7 was the 27th time this year, and the cumulative amount will reach 490,000 tons.
Guohai Securities pointed out that affected by the African swine fever, pig prices have been high. However, since October 2019, the stock of reproductive sows has begun to increase. From reproductive sows to fattening pigs, it is expected to take about 10 months. Therefore, it is expected that starting from September 2020, the slaughter of live pigs will gradually increase, and the price of pigs will slowly fall, which is good for the slaughter meat product sector.
According to media reports on the 7th, Pan Helin, executive dean of the Institute of Digital Economy of Zhongnan University of Economics and Law, believes that according to the law of the impact of the "pig cycle" on prices, the center of gravity of the live pig market will remain high in the second half of the year. In the long run, affected by the surge of pork prices last year, new and old pig companies, small and medium-sized farmers will increase the number of sows, but the future trend of pork prices will depend on the pace of pig market replenishment, production costs, and demand recovery. Situation and other influences.
The Ministry of Agriculture and Rural Affairs also announced other food price changes on the 10th. According to monitoring, among the 46 varieties monitored by the domestic fresh agricultural product wholesale market, compared with last Friday (August 7), the top five in price increase are Rapeseed, carp, lettuce, cucumber, and white radish were 5.2%, 4.5%, 4.3%, 4.0% and 3.8% respectively ; the top five price declines were Yali, eggs, celery, tomatoes and Fuji apples, respectively They are 13.1%, 4.3%, 3.8%, 3.7% and 3.5%. (Zhongxin Jingwei APP)