Original title: Ministry of Agriculture and Rural Affairs: Short-term fluctuations in pork prices rebounded, abundant market supply Source: CCTV.com
Ministry of Agriculture and Rural Affairs: Short-term fluctuations in pork prices rebounded and market supply is abundant
CCTV News:The Ministry of Agriculture and Rural Affairs announced yesterday (October 26) that since mid-October, pork prices have seen a shock and rebound, and the supply of live pigs is loose and abundant. The Ministry of Agriculture and Rural Affairs recommends that farmers continue to eliminate low-yielding sows in response to the downturn that may appear after the Spring Festival next year.
Autumn and winter are the traditional peak seasons for pork consumption. Since mid-October, affected by major factors such as increased processing and consumption recovery, the pork market price has fluctuated and rebounded. As of 14:00 on the 26th, the average price of pork in the national agricultural product wholesale market was 21.25 yuan/kg, slightly higher than the cost line.
Monitoring by the Ministry of Agriculture and Rural Affairs shows that at present, live pig production is still increasing inertially, and the price downward cycle has not yet ended. It is expected that the fattening pigs listed in the fourth quarter of this year to the first quarter of next year will continue to increase significantly year-on-year. The supply of pigs is relatively sufficient, and the downward pressure on prices is still not small. If the production capacity is not substantially reduced, the downturn of pig prices will be difficult to reverse. Especially in February and March next year, the slaughter volume of live pigs will continue to increase, and the slaughter peak may be reached in April. This period of time is precisely the low season for consumption after the Spring Festival next year. With the increase in the number of live pigs for slaughter, the price of pigs may continue to fall, causing heavy losses in pig breeding.
For this reason, it is recommended that farmers arrange live pigs for slaughter in an orderly manner, and do not blindly slaughter pigs because of the current rise in pig prices, let alone rush to expand production capacity to avoid heavy losses in the later period.
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