Ministry of Agriculture: Hog prices will remain stable and remain high overall

Ministry of Agriculture: Hog prices will remain stable and remain high overall

The number of live pigs has increased for four consecutive months. It is expected that the price of live pigs will gradually stabilize in the latter part of the period. The space for the continued rise of live pig prices is limited. According to the China Securities Journal, Wang Zhicai, Director General of Animal Husbandry Division of the Ministry of Agriculture, said on July 10 that the Ministry of Agriculture found out that The number of live hog raisers is positive, and the number of live pigs has increased for four consecutive months. It is expected that the price of hogs will gradually stabilize in the later period, and there is limited room for the continued rise of hog prices.

However, Wang Zhicai also stated that pig prices will remain high overall due to the high cost of farming.

Wang Zhicai said that the recent price hike of live hog prices has slowed down, and the weekly average price in the first week of July has dropped by 0.71, 0.94, and 0.62 percentage points respectively, and has contracted for two consecutive weeks. It is expected that the year-on-year increase in pig prices will gradually decline after July and August this year.

According to Wang Zhicai, from the perspective of production trends, the number of fertile sows in China has increased for two consecutive months. Breeding sales have kept rising. The number of pigs kept growing for five consecutive months. Hog slaughter will gradually increase in the second half of the year. Hog production will remain stable. Growth can guarantee market supply during the Mid-Autumn Festival and National Day.

As for how to fundamentally stabilize the development of live pig production and lay a foundation for the long-term stability of pork prices, Wang Zhicai said that the next step will be to continue to implement the policies and measures for the development of the Central stable pig production.

According to the "average price changes of major foods in 50 cities" published by the National Bureau of Statistics on July 4, the price of pork in late June increased by 15% compared with that in late May, and the price of pork hindlegs has exceeded 15 per catty. yuan.

According to the latest statistics released by the National Bureau of Statistics on July 9, China’s national consumer price index (CPI) rose by 6.4% year-on-year in June, setting a new high for three years. Among them, the price of meat and poultry products rose by 32.3%, affecting the overall price level by 1.94 percentage points, and the price of pork rose by 57.1%, affecting the overall price level by about 1.37 percentage points.

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