Chinese pig prices strengthen - AHDB

Pork slaughter was up 8% in the first half of 2022

 

By: Global Ag Media

via The Pig Site - 19 September 2022

 

After showing tentative rises through early April, Chinese pork prices picked up pace through the spring and into summer, according to AHDB red meat analyst Hannah Clarke. This growth has been reportedly spurred by tighter pig supplies, partly as producers held back pigs, and partly from stronger consumer demand. According to government reports, authorities are encouraging producers to maintain production and releasing stocks in an attempt to curb price inflation.

 

The Chinese government recently announced that pork bought into storage would be released onto the market from September in time for heightened demand from autumn festivals. Demand continues to be affected by the uncertain COVID-19 situation, with restrictions still in place across parts of the country.

 

Chinese pig production increased during the first half of 2022, with slaughtering up 8% versus the same period a year ago. Profitability had been challenged during this time, but the recent price rises have reportedly improved the situation for producers. Indeed, government data shows the breeding sow inventory has been increasing month-on-month since May...

 

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