Despite the production increase and the shrinking domestic prices, China remains in a pork deficit and will continue to import large volumes of pork during 2021. Numbers peaked in March with over 1,255 million USD of pork imported, an all-time high,…
China reported an increase of 31.9% in Q1 pork output YoY, following an increase in the slaughter of pigs, as farmers tried to avoid the risk of disease during the first months of 2021 and sent pigs to slaughter early….
On January 8th, Dalian Commodity Exchange opened the market for trading hog futures after the initial announcement early in 2020 and years of planification. This is China’s first live delivery derivative, and it will provide a hedging tool for participants…
Chinese average national wholesale pork prices (“three-way cross breed”) were trending down since August, when they peaked at 52.25 yuan per kilogram following a recovery on the supply and demand balance and efforts from the Chinese authorities releasing frozen reserves….
Tight supply market conditions have kept pork prices soaring in 2020 with small fluctuations due to the Chinese Government efforts to release frozen reserves and control food price inflation, but still well above previous years’ levels. From January to late…
Since early June, floods have severely impacted large areas of Southern China, primarily around the Yangtze basin, which extended to central and Eastern China during July. These floods have been described as the worst since 1998, according to official news…
The first half of the year has been heavily disrupted by COVID-19, and the pork industry is not an exception. From January to June, China has seen pork imports skyrocketing, with a value 277% higher than the same period of…
The China Merchandise Reserve Management Centre announced the release 10,000 tonnes of pork from the national reserves to auction them on August 21st. Chinese Ministry of Commerce, in coordination with the National Development and Reform Commission and the Ministry of…
ASF outbreak and Covid-19 pandemic have had an impact on pork prices and import volumes. The value of pork meat imports (HS 0203) in the first months of 2020 (January-April) has reached 3.97 billion USD, a 383% increase from the…
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