echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Active Ingredient News > Feed Industry News > Pork prices rose 85.7% year-on-year in July, up 8.75 yuan/kg in 11 months.

    Pork prices rose 85.7% year-on-year in July, up 8.75 yuan/kg in 11 months.

    • Last Update: 2020-09-08
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com
    People to eat for the day, pork is China's table of fresh food, pork prices recently rose, causing a wave of media attention.
    July, China's food prices rose 13.2% year-on-year, with pork prices rising 85.7% year-on-year, according to the National Bureau of Statistics.
    From the weekly price point of view, the national pig prices rose for 11 consecutive weeks, a cumulative increase of 8.75 yuan / kg, up 30.7%, as of the first week of August, the price of pigs was 37.24 yuan / kg.
    , why did pork prices rise sharply? What is the price trend next? 1, feed, piglet prices have risen, pig-breeding costs increased Shandong Province Animal husbandry and veterinary bureau, Deputy Director of the Livestock Department Wang Fengqiang believes that pig prices continue to run at a high level for a variety of reasons, "on the one hand, the supply is relatively tight."
    the entire industry, from farming to slaughtering and processing, including feed, raw materials, artificial epidemic prevention, the cost is increasing.
    piglets in particular have risen too much, from 45 yuan/kg in the same period last year to 95 yuan/kg this year, which has basically doubled.
    " July-August, most feed enterprises due to corn, soybean meal and other bulk raw material prices rise, continuously raise feed prices, in the past two months has been three consecutive increases in feed prices, the range is basically 100-200 yuan / ton range, the highest increase to 300 yuan / ton.
    2. Pork consumption is back on track, the southern flood season hinders the transfer of pigs, raising pig prices according to the Daily Economic News, August 14, the National Bureau of Statistics explained the reasons for the rise in pig prices in two ways.
    , with the resumption of production of Chinese enterprises, catering services gradually resumed, the community for food and beverage pork consumption back to the normal track, and has expanded.
    , on the other hand, since the second half of this year, the flood season is not conducive to the production and transfer of pigs, affecting the normal supply of the market, resulting in a large increase in pork prices.
    is worth noting that the current round of flooding in the south on the rise in pork prices to no small role.
    media reported that the flood damaged some farms, resulting in a reduction in the number of pigs out of the column, but also affected the transfer of pigs.
    the arrival of high-temperature weather, pork transportation, storage costs have increased, suppliers have also taken the initiative to reduce the supply of pigs, these are caused by the short-term rapid rise in pig prices an important driving force.
    3, the customs decided to reduce the import tax on frozen meat, expand imports, Brazil's pork imports increased by 143% YoY on August 12, the General Office of the State Council has issued "on further doing a good job of stabilizing foreign trade and foreign investment."
    put forward 15 policies and measures to stabilize foreign trade and foreign investment.
    10 of the report points out that it will promote the expansion of market access for oilseeds, meats and dairy products, promote imports and safeguard market supply.
    august 5 this year, in order to continue to open up and expand market access for imported goods, China will no longer implement 20 kinds of goods to stop tax relief provisions, that is, 20 kinds of goods in the policy will enjoy tariff relief! Brazil exported more than 100,000 tonnes of pork in July, according to the Animal Protein Society of Brazil (ABPA).
    47.9 per cent year-on-year, surpassing the 2019 figure of 67,900 tonnes.
    July pork exports exceeded 580,000 tons.
    , Brazil's pork exports last year were 750,000 tonnes.
    year has been very strong compared to the previous year.
    July, China imported 282,000 tons of Brazilian pork, up 143 percent year-on-year, and accounted for 48.6 percent of its total pork exports.
    4, China's stock of meat this year a total of 500,000 tons of feed industry information network according to china Storage Network information statistics, as of August 14, 2020, China's cumulative delivery of frozen pork a total of 28 times, a total of 500,000 tons.
    But compared with China's annual consumption of about 55 million tons of pork, the average monthly consumption of 4.58 million tons, 500,000 tons of pork is very small, but also can only meet the market demand of 3-4 days.
    5, 2020 the first half of the sow and pig storage column turned positive, but the number of pig out of the column fell by nearly 20% Although the major pig enterprises are increasing the intensity of pig production, the provinces also from all aspects of support to ensure the completion of this year's pig column target, and the national can breed sow column also reached 362 at the end of June 90,000 head, up 5.49 million from the end of last year for the first time, has recovered to 81.2% at the end of 2017, while pig storage is close to the same period last year, reaching 340 million head, an increase of 29.29 million head from the end of last year, equivalent to 77% of the end of 2017.
    in the first half of the year, pork prices are unlikely to fall in the short term.
    the first half of 2020, 251.03 million pigs were released nationwide, down 62.43 million, or 19.9 percent, from a year earlier, according to the Ministry of Agriculture and Rural Affairs.
    means there is still a quantitative gap in the supply of pigs.
    , according to China's previous "pig cycle" law, because autumn and winter is the peak season for pork consumption, the city in the face of pork demand often only increased.
    6, the trend of pig prices, when to fall back? In this regard, the National Bureau of Statistics said that all over the timely replenishment of pig production capacity, from the survey situation, pig stock is rising quarter by quarter, but because the supply of pigs is still in a tight balance, pig prices will continue to run at a high level for a period of time, overall, pork prices are unlikely to rise significantly.
    Yang Zhenhai, head of the animal husbandry and veterinary department of the Ministry of Agriculture and Rural Affairs, said that, in general, pork prices rise seasonally from June to September, especially during the Mid-Autumn Festival and National Day.
    this year, the new crown pneumonia outbreak after the control of consumption growth, the upward pressure may be greater.
    , heavy rainfall in the southern region had a certain impact on the transfer of pigs and their products, and also pushed up pork prices in some areas.
    " after the third quarter of the pork supply tension will gradually ease, the second half of the pork market supply is generally guaranteed.
    square medium-term futures forecast that the second half of the overall production capacity is difficult to return to pre-epidemic levels, and in view of the 2020 overall available pig will continue to decline year-on-year, so the pig market price center of gravity will remain high, the annual average pig market price or not less than 29 yuan / kg level.
    .
    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.