Guangdong pork prices fell for the first time this year

A few days ago, data released by the Guangdong Survey Team of the National Bureau of Statistics showed that in November, the consumer price (CPI) of Guangdong's residents fell by 0.

This is also the first year-on-year decline in Guangdong pork prices since this year

How long will the downward trend in pork prices continue? This mainly depends on the recovery of production capacity

According to estimates from the Ministry of Agriculture and Rural Affairs' fixed-point monitoring, the stock of reproductive sows in the country exceeded 41 million and the stock of live pigs exceeded 400 million at the end of November, and the pig production capacity has recovered to more than 90% of the end of 2017

"According to this trend, the production capacity is expected to be fully restored in the first half of next year

Wei Hongyang said that with the approach of New Year's Day and the Spring Festival, consumer demand will increase significantly, and pork supply pressure will still exist