Pork prices in China continue to decline

Published 2022년 12월 9일

Tridge summary

China's pork prices continued to fall between November 28 and December 2, 2022, with the average price per kg reaching 28.62 yuan (around 4.10 US dollars), a decrease of 3.6% from the previous week. Despite this, the price was still 22.5% higher than the same period the previous year. To help stabilize pork prices, Chinese authorities released seven batches of pork from central reserves and encouraged local governments to increase pork release. The government has been tracking the weekly average price of pork, which has been decreasing steadily since late October.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Pork prices in China maintained the downward trend in the week of November 28 to December 2, 2022, amid the country's efforts to increase supply and stabilize pork prices. During this period, the average price of pork recorded by the Ministry of Agriculture and Rural Affairs stood at 28.62 yuan per kg (about 4.10 US dollars), a week-on-week decrease of 3.6%. The price was 22.5% higher compared to the same period last year, but growth slowed by 3 percentage points from the previous week. To maintain supply and price stability, Chinese authorities released seven batches of pork from central reserves to the market and urged local governments ...

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