• News
  • The Campaign
    • Spanish producers
    • Portuguese producers
  • Activities
  • EU Pork
    • Safety
    • Quality
    • Animal welfare
    • Sustainability
    • Cuts
  • Recipes
  • Contact Us
  • ENEN

European PorkEuropean PorkEuropean PorkEuropean PorkEuropean Pork
Menu
  • 中文中文
    • News
    • The Campaign
      • Spanish producers
      • Portuguese producers
    • Activities
    • EU Pork
      • Safety
      • Quality
      • Animal welfare
      • Sustainability
      • Cuts
    • Recipes
    • Contact Us

    China Pork Reserve Releases

    • Home
    • Blog
    • China Pork Reserve Releases
    News

    China Pork Reserve Releases

    By eupork

    2022-12-28

    0

    Live hog prices in China have fallen rapidly in recent weeks. Official data shows the country’s prices registered a week-on-week decline since late October. During last week (December 12-16), the average price of pork tracked by the Ministry of Agriculture and Rural Affairs was 25.76 yuan (3.47 EUR) per kilogram, down 11.1 percent from the prior week. One of the reasons for this decline is that pig farms expected that the price would rise in December, so there was a large backlog of fattened and secondary-fattened pigs slaughtered this month. The falling price has spurred further slaughter as farmers seek to sell off hogs before prices go even lower.

    Moreover, since September, Chinese authorities have released seven batches of pork from central reserves into the market, and urged local governments to further increase pork releases, reflecting the government’s attempt to maintain the stability in the market.

    Farmers are rushing to send large amounts of pigs for slaughter to meet demand before the Lunar New Year festival in January, but they are finding that consumption is not as strong as expected; it is only slowly recovering since the government eased COVID-19 restrictions around the country, causing a peak in cases and disruptions. An increase in hog supply at the end of this year is causing the recent decline in live hog prices.

    The growth rate of China’s pork production has slowed recently since increasing every quarter year-on-year for the last two years, as some farmers reduced their breeding herds late in 2021 and earlier this year after months of heavy losses, with low hog prices and high feed costs eroding profits.

    Based on USDA estimations, pork production in China is expected to reach 51 million tons in 2022, an increase of 7.37% over 47.5 million tons registered last year, while expectations for 2023 are to achieve 52 million metric tons (another 2% increase). High feed costs in China are expected to reduce incentives to over-fatten hogs (i.e., “second fattening”, a practice in which standard weight hogs are retained for additional fattening by intermediary producers), which can also push production in the upcoming year.

    Tags: reserves, China, pork market, pork, price

    Share this post

    Related Post

    2022-12-28

    2022’s Yearly Events Review

    00

    2022-12-28

    Online Technical Seminars

    00

    2022-12-28

    Happening now: Billboards at...

    00

    2022-12-28

    Happening now: E-commerce...

    00

    2022-12-28

    NDRC in coordination with...

    After failed attempts to stabilise the market by releasing pork reserves that began in...

    00

    2022-12-28

    China pork imports set to

    Pork is by far China’s favorite meat; the country produces about half of the world’s...

    00

    Archives

    • December 2022
    • November 2022
    • October 2022
    • September 2022
    • August 2022
    • July 2022
    • June 2022
    • May 2022
    • April 2022
    • March 2022
    • February 2022
    • January 2022
    • December 2021
    • November 2021
    • October 2021
    • September 2021
    • August 2021
    • July 2021
    • June 2021
    • May 2021
    • April 2021
    • March 2021
    • February 2021
    • January 2021
    • December 2020
    • November 2020
    • October 2020
    • August 2020
    • June 2020

    Categories

    • News
    • Activities
    • Recipes
      • Chinese recipes
      • Western recipes
    • Legal Notice
    • Privacy Policy
    • Cookie Policy
    2021 © Interporc and Agrupalto. All Copyright Reserved - 京ICP备20023101号-1 京公网安备 11010502041665号
    logo CAMPAIGN FINANCED
    WITH THE AID OF
    THE EUROPEAN UNION
    logo
    This website uses cookies to improve your experience. Details of the cookies we use and instructions on how to disable them are set out in our Cookies Policy. To agree to our use of cookies click Accept. Cookie settingsACCEPT
    Privacy & Cookies Policy

    Privacy Overview

    This website uses cookies to improve your experience while you navigate through the website. Please review our full Privacy and Cookie Policy here. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
    Necessary
    Always Enabled
    Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
    Non-necessary
    Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
    SAVE & ACCEPT