Ministry of Agriculture and Rural Affairs of China: Pork prices have fallen for more than two consecutive months

  China News Service, Beijing, November 18 (Reporter Chen Su) The reporter learned from the Ministry of Agriculture and Rural Affairs of China on the 18th that with the release of new production capacity for pigs in the early stage, the supply of pork in China has improved significantly, and prices have fluctuated downward. Since September, pork Prices have fallen for more than two consecutive months.

Data map: People are buying pork.

Photo by China News Agency reporter Zhang Yun

  According to the monitoring of the Ministry of Agriculture and Rural Affairs, the stock of reproductive sows in October was 39.5 million, an increase for 13 consecutive months, an increase of 32% over the same period last year; the stock of live pigs was 387 million, an increase of 9 consecutive months, an increase of 27% over the same period last year.

The current pig production capacity has recovered to about 88% at the end of 2017.

It is expected that in the second quarter of 2021, the national pig stock will basically return to the level of normal years.

  With the gradual release of new production capacity in the early stage, the number of newborn piglets continued to increase, the supply gradually became loose, and the price dropped sharply.

In some provinces, the price of piglets has dropped from around RMB 2,000 (RMB, the same below) at the highest peak to below RMB 1,000.

Since September, pork prices have fallen for more than two consecutive months.

In the second week of November, the price of pork in the national bazaar dropped to 46.47 yuan per kilogram, a year-on-year decrease of 18.0%, which was more than 13 yuan lower than the highest price in the third week of February.

  What is the trend of pork prices in the later period?

The Ministry of Agriculture and Rural Affairs stated that with the arrival of the peak consumption season in winter, especially New Year's Day and Spring Festival, pork consumption will continue to grow, but the recovery of production will drive a significant increase in pork supply. It is expected that the pork market supply situation will further improve.

According to estimates, the pork supply during the New Year's Day and Spring Festival next year will increase by about 30% over the same period last year.

  The Ministry of Agriculture and Rural Affairs reminded that due to the recent rigid increase in pig raising costs, the profitability of professional fattening households who bought piglets at a high price in the early stage will be greatly reduced. In the second week of November, the national average price of live pigs has fallen to 29.74 yuan per kilogram, if it drops by 3 -4 yuan, professional fattening households may suffer losses.

(Finish)