China's sow herd rises 1.7% y/y in February

Published 2023년 3월 27일

Tridge summary

China's sow herd grew by 1.7% year-on-year to 43.4 million in February, despite a slight monthly decrease, as reported by China Central Television (CCTV) and the Ministry of Agriculture and Rural Affairs (MARA). Despite this, pork prices have remained stable due to weak demand and oversupply, leading to an average loss per hog of 100 yuan. The risk of African swine fever reducing hog production and driving up prices later in the year is currently not seen as significant by MARA's deputy director, Xin Guochang.

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Original content

BEIJING, March 27 (Reuters) - China's sow herd increased by 1.7% in February compared with the previous year, 5% more than forecast capacity, state media reported on Monday. The herd reached 43.4 million sows, China Central Television (CCTV) said, citing data from the Ministry of Agriculture and Rural Affairs (MARA), although it contracted by 0.6% compared with the previous month. Pork prices in the world's biggest pork-consuming country have hovered around 15 yuan ($2.18) per kilogram since late last year, weighed down by weak demand and oversupply. With low hog prices, the average loss per hog is around 100 yuan (US$14.52) currently, according to CCTV. “(It is not) very likely that there will be a significant increase in the price of pork in the coming months,” Xin Guochang, deputy director of the Animal Husbandry and Veterinary Department of MARA, told CCTV. Pig farm managers and analysts said ...

Source: NoticiasAgricolas