Pork prices in China fall week on week

Published Dec 22, 2022

Tridge summary

China's pork prices saw a significant decrease for a week from Dec. 12 to 16, with the average price dropping by 11.1% to 25.76 yuan (around 3.7 USD) per kilogram, as reported by the Ministry of Agriculture and Rural Affairs. Despite this weekly decline, the year-on-year increase was 19.6%, though the rate of increase fell by 7.5 percentage points from the previous week. This price fluctuation comes as Chinese authorities release pork from central reserves and hog production expands, with the government continuing to monitor the hog market closely to ensure long-term stable growth.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Pork prices in China registered a week-on-week decline from Dec. 12 to 16, official data shows. During the short period, the average pork price tracked by the Ministry of Agriculture and Rural Affairs was 25.76 yuan (about 3.7 U.S. dollars) per kilogram, down 11.1 percent week on week. The price was 19.6 percent higher year on year, but the increase fell by 7.5 percentage points from a week earlier, the data shows. Chinese authorities have been releasing pork from the country's central reserves to stabilize prices in recent months, and hog production has continued ...
Source: China

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