Chinanews client, October 27th, Wei Baigang, chief economist of the Ministry of Agriculture and Rural Affairs, said at a press conference on the 27th that with the rapid recovery of live pig production and the increase in slaughter volume, pork prices have fallen for 8 consecutive weeks.
At present, the market price is 49.23 yuan per kilogram, which is 10.41 yuan lower than the highest point in February this year, and the downward trend is very obvious.
In the later stage, as the number of breeding sows increases, the number of pigs on hand increases, and the number of slaughtered pigs will also increase quickly.
After supply goes up, prices will gradually fall back to normal levels.