China: Pork prices have risen; is the pig industry facing turning point?

Pork consumption is recovering. In Jinan, Shandong, people line up to buy sausages to eat. Driven by the rebound in consumption, pork prices have recently begun to rise. Monitoring data from the Ministry of Agriculture and Rural Affairs shows that on October 25, the average price of pork in China’s agricultural wholesale market From 17.68 yuan per kilogram to 21.25 yuan per kilogram, this is the lowest price in a month. Pork consumption has rebounded, and pork prices have risen by 20% in half a month. Does this mean that the pig industry is facing a turning point? "Recently, the northern sausages and the bacon in the southwest have been opened up. The demand for pork has further increased. Covered farms have insisted on increasing prices. Recently, the price of pork has risen sharply." Zhu Zekun, an analyst at Zhuo Chuang Information, told a reporter from Securities Daily. However, it is currently asserted The industry’s reversal is too early. As the current domestic pig stock is ...