Summary
[Apigraisingcompanylosesthousandsofyuanin9monthsandlosesprofitsfor10years]Monitoring data from the Ministry of Agriculture and Rural Affairs shows that since late January this year, domestic pork prices have fallen for 8 consecutive months. The reporter learned from a supermarket chain in Shenzhen that the price of fresh pork sold in the store has now fallen more than 60% from the highest point, and the price per catty fluctuates around 10 yuan. The losses of pig breeding companies have also continued to expand. 2. Breeding companies that bought pig seedlings at high prices in March have now sold a pig with a net loss of thousands of yuan. Some pig-raising companies said that some companies have lost profits over the past 10 years in 9 months. (CCTV Finance)
Monitoring data from the Ministry of Agriculture and Rural Affairs shows that since late January this year, domestic pork prices have fallen for eight consecutive months. The reporter learned from a supermarket chain in Shenzhen that the price of fresh pork sold in the store has now fallen more than 60% from the highest point, and the price per catty fluctuates around 10 yuan. The losses of pig breeding companies have also continued to expand. 2. Breeding companies that bought pig seedlings at high prices in March have now sold a pig with a net loss of thousands of yuan. Some pig-raising companies said that some companies have lost profits over the past 10 years in 9 months. Industry insiders said that after the effective control of African swine fever in 2019, a lot of capital poured into the pig breeding track, and breeding companies continued to expand their production capacity, which eventually led to an oversupply of the entire industry and continued decline in pig prices. Since the beginning of this year, the sharp increase in feed prices has made the entire industry worse. Regarding the recent continuous rebound in pork prices, industry insiders said that due to the boost in market demand, pig prices are expected to pick up in stages, but the room for increase is limited. The current rebound in pig prices is expected to move closer to the cost of pig breeding. Inferred from the relationship between production capacity and pig prices, it is expected that the cyclical bottom of pig prices will appear in the second quarter of next year.
(Source: CCTV Finance)
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