The Chinese government has admitted that the pork market is not stabilized

Published 2022년 11월 17일

Tridge summary

The article highlights the dynamics of pork market pricing in China, reporting a decrease in prices for piglets, live pigs, and pork over the past week, despite significant year-on-year increases. Chinese Deputy Minister of Agriculture and Rural Affairs, Ma Youxiang, addressed the market's instability, attributing it to discoordinated production processes and short-term strategies. He called on farmers to adopt long-term production plans to stabilize prices and emphasized the importance of adhering to biosecurity and sanitary procedures, even with ASF under control.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Currently, the average domestic piglet price in China is CNY 46.39/kg (PLN 29.68), down 0.8% from the previous week and up 79.5% year-on-year. In turn, the average domestic price of live pigs was CNY 26.24/kg (PLN 16.79), which means a decrease of 2.3% compared to the previous week and an increase of 53.5% year on year. In the case of pork, the average price was CNY 41.16/kg (PLN 26.34), down 1.1% from the previous week and up 51.4% year-on-year. Wholesale pork price Lack of market coordination In recent days, Ma Youxiang, the Chinese Deputy Minister of Agriculture and Rural Affairs, spoke about the situation on the pork market in China. In his opinion, the supply of pigs and sows is generally satisfactory, but the poor coordination of production processes is visible, which results in large price fluctuations. As Deputy Minister Ma emphasized, high price volatility results from ill-considered decisions based on short-term production strategies. As a result, prices fluctuate, which ...
Source: Farmer.pl

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