In the second half of the year, the price of pork has risen, and people everywhere have been calling it “pork is so expensive”. However, there has been a successive decline in meat prices since november. In recent times, journalists have visited and found that there has been a decline in the price of raw pigs in the upstream sector, in the prices of imports and in the market prices downstream. In terms of the fall, the price of pork in our multi-market supermarkets is $5-6 less than before。
Local pig prices are falling back and forth in a month
Since this year, the prices of raw and pork have been known to have risen significantly, influenced by factors such as the downward spiral of the “pig cycle”, the decline in the stock of raw and fertile pigs。
This was followed by a combination of policy interventions by relevant government departments, including greater land security for farming, the integration of pork transport into green corridors and financial support, and a combination of measures to restore pork production and secure prices. These measures have not only boosted market confidence, but have also led to a fall in pork prices。
Liu chunfeng, the village of progress in the long feng zone, has for many years been enriched with nutritious pigs. On 20 november, in a conversation with journalists, he stated that he clearly remembered that, in october, the purchase price of raw pigs had risen from more than $9 per pound to $19 per pound, an increase of $10 per pound. By late november, the purchase price for raw pigs had fallen to $13-15 per pound。
Journalists also interviewed the heads of some pig farming enterprises in the red guard area, who also stated that, in the last month, despite small fluctuations, the purchase price of the pig did show a consistent downward trend。
High pork prices are back to the 20th age
The fall in upstream prices in the pork market has also yielded great benefits downstream。
“in the last 10 days or so, our pork price has been reduced by 5-6 pounds, and retail prices have naturally been reduced.” the staff at the new matt supermarket told the press that, in terms of front troughs and posterior meat, the purchase price was $32. 8 per pound in mid-october, now 28. 8 per pound, and 45 per pound for ribs, now 40 per pound。
According to the staff of the new east winds fair, the price of pork fell significantly this month. At the end of last month and the beginning of this month, the average price of pork was $32-33 per pound and the average price of pork was $35. 8-39. 8 per pound; by 11-12 this month, the price fell to $22-24 per pound and the price was $27. 8 per pound. This was followed by a number of declines of 1-2 yuan per pound; on 20 november, the prices were 27. 8 yuan per pound in front of the supermarket, 25. 8 yuan per pound in posteriori, 29. 8 yuan per pound in fine meat, and 35. 8 yuan per pound in wool。
Journalists have also noted on small and medium supermarkets, such as ying hong, and on pork sales stalls in parts of the district that retail prices such as the front troughs, the backslides, the fine meat, and the fine meat have all fallen back to the “twenty age”. A number of meat sellers have also indicated that the high price of pork in the preceding period has inhibited consumption, so that it is common to walk. Recently, more customers have come to buy meat。
Supply-demand relationships affect pork prices or sustain shocks
The relevant monitoring data show that the overall price index for pork in the country's multiple municipalities has declined for two consecutive weeks. From 8 to 14 november, the wholesale price of pork was $49. 84/kg, a 4. 4 per cent decrease in the ring ratio. As at 1400 hours on 15 november, the average price of pork in the national wholesale market for agricultural products was 48. 13 yuan/kg, a slight decline from the previous day. From 17 to 18 november, there was a small rebound in meat prices as a result of snowfall, but a significant downward trend continues。
In the latter market, it has also been mentioned in several media reports that the current concentration of femininous pigs has declined and recovered, and that the reduction in the number of live pigs has been significantly narrower. By the end of the year, the capacity to produce pigs is expected to pick up, and as the enabling policies are further implemented and landed, the market conditions are favourable and the production of pigs will gradually resume. It is expected that next year will be almost normal. Does that, then, mean that the price of pork has peaked and is moving completely downwards? In response, some analysts have argued that the price of pork is in the future or sustains a shock, influenced by the current demand-supply relationship for pork。
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The price of pork has stopped
Prices are on the ground
According to the latest data, the national consumer price increased by 3. 8 per cent in october. Among them, food prices rose by 15. 5 per cent, non-food prices by 0. 9 per cent, consumer goods prices by 5. 2 per cent and services prices by 1. 4 per cent. On average, the national consumer price increased by 2. 6 per cent over the same period last year. The recent increase in pork prices is a very important factor influencing the increase in the cpi。
As a next step, the relevant sectors will increase their budgetary support for the construction of pig-scale chemical farms and pig farms, expand the scope of the animal and animal waste resource utilization project, and support the construction of projects to improve plant and animal protection capacity, with a view to promoting the sustainability of pig production. At the same time, there has been an increase in the production and supply of cattle and sheep, poultry and eggs, as well as a multi-channel expansion of imports of alternatives, such as pork and goat, to ensure that the overall meat and protein market is largely adequate。
The analysts noted that there is a solid foundation for the stability of prices, accompanied by a series of policies, including measures aimed at the gradual recovery of pig production, an increase in the supply of pork, a gradual increase in the opening up of markets for agricultural products, and a steady increase in the quantity and quality of domestic agricultural products。
